in winter, a new wave of devaluation will devalue the savings of Russians, as in the 90s
- 20:03 November 11
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- Lena Levitskaya
Shocking forecast from financial experts
Financial market experts are expressing concern about a possible sharp fall in the ruble exchange rate, especially in November. Currently, the Russian currency is demonstrating relative stability, being around 95 rubles per dollar and 100 rubles per euro.
However, analysts warn of growing risks of ruble depreciation associated with geopolitical tensions, fluctuations in oil prices, declining demand for Russian goods, and sanctions pressure. Recent statements by Western leaders about a possible tightening of sanctions may cause a negative reaction in the markets and capital outflow.
Russia is the largest oil exporter, and lower oil prices could negatively affect the ruble exchange rate. The oil market is currently…