The ruble is currently influenced by several factors, the main of which is geopolitics. The strengthening of the ruble exchange rate may occur if the politicians agree, and this will happen no earlier than by the end of the year. Artem Tuzov, Executive Director of the Capital Market Department of IC UNIVER Capital, spoke about this in an interview with the Prime agency.
At the moment, the foreign exchange market is volatile. News that Russia has not invaded Ukraine has strengthened the ruble from 77 to 75 rubles per dollar. However, the next day, due to geopolitical news, it again weakened to 76 rubles.
“If the politicians agree, this will be a serious breakthrough in international relations, which may remove the issue of new sanctions against Russia from the agenda, and possibly even lead to the cancellation of existing ones,” the expert explained.
Such a development, according to Tuzov, will lead to an influx of foreign investment back into the Russian economy and, as a result, strengthen the ruble.
The expert recalled that the achievement of political agreements does not happen overnight, but there is a high probability that by the end of this may happen and then the ruble will strengthen to 70 per dollar and even lower.
Earlier, Maxim Petronevich, Senior Economist at the Otkritie Research Analytical Department of Otkritie Bank, said that in the event of a weakening of geopolitical risks by the summer of 2022, the ruble could return to 71–72 per dollar.
bbabo.Net