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

Financial market experts are expressing serious concerns about a possible sharp fall in the ruble exchange rate in the coming months, especially in January. Although the Russian currency currently demonstrates relative stability against the US dollar (about 95 rubles per $1) and the euro, analysts warn of growing risks that could lead to significant depreciation.

These concerns are related to a number of factors that go beyond the domestic economic situation. Among them: geopolitical tensions, fluctuations in oil prices, changes in global demand for Russian goods and, most importantly, the level of sanctions pressure on the Russian economy. All these factors have a significant impact on the ruble exchange rate.

Projected decline in global…