a new wave of devaluation in winter will devalue the savings of Russians, as in the 90s

Financial market experts fear a possible sharp fall in the ruble exchange rate in November. Although the ruble is now stable at 95 per dollar and euro, analysts warn of depreciation risks due to geopolitical tensions, oil price fluctuations and sanctions pressure.

The projected decline in global energy demand and slower inflation are creating additional pressure on the ruble. The Central Bank of Russia has not yet raised the key rate, but the likelihood of its increase is high. This could limit access to credit for businesses and households, which would negatively impact economic growth.

Sanctions limit access to international financial markets, reduce investment attractiveness and complicate economic diversification, which increases vulnerability to external…