Financier explains why the ruble continues to strengthen
The ruble exchange rate continues to grow due to the tax week and the absence of a currency liquidity deficit on the domestic market, financier Alexander Losev told 360.ru. In his opinion, the strengthening of the national currency exchange rate is also facilitated by the expectation that the US will lift sanctions against Russia.
The first factor is that this week is a tax week. Accordingly, exporters sell their earnings in order to pay taxes, this has a strong influence on the exchange rate dynamics , Losev explained .
He did not rule out that the US could lift restrictions on Russia's financial sector. The expert also suggested that Chinese banks could "stop enforcing anti-Russian sanctions" in the event of a global trade war.
Russian Economic Development Minister Maxim Reshetnikov previously stated that the ruble exchange rate was stronger than expected. The expert noted that the financial market has become more volatile since 2024.
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