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The economist called the consequences of the fall of the ruble for the Russians

The economist called the consequences of the fall of the ruble for the Russians
Photo: pixabay.com

Professor of the Faculty of Finance and Banking of the RANEPA Yuri Yudenkov said that the fall of the ruble after the collapse in oil prices continued due to sanctions and the coronavirus epidemic. In his opinion, this will increase prices for foreign travel, imported clothing, shoes and other goods. However, no radical rise in prices for essential goods is expected.

Expert told "Evening Moscow", which led to a drop in the ruble exchange rate at once several factors. The main reason for the collapse was Russia's withdrawal from the deal to reduce oil production. Following that, pressure on the ruble increased due to the coronavirus epidemic and sanctions.

According to the professor, these factors have led to continued depreciation in the Forex market. At the opening of trading on the Moscow Exchange, a limit has been set for the dollar and the euro. According to forecasts, the dollar will fluctuate between 70,4 - 76,3 rubles, and the euro - 79,6 - 87,3 rubles.


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