The strong ruble began to negatively affect Russian business


The ruble continues to be quite high against the dollar and the euro. At the moment, the value of the dollar on the MICEX is 60,32 rubles, the euro - 64,44 rubles. The high exchange rate of the Russian currency begins to negatively affect a number of business sectors in the Russian Federation.


On June 7, the Central Bank raised the limit on transfers to foreign bank accounts for Russian citizens from $50 to $150 per month. However, this will have a very limited impact on the ruble exchange rate. The fact is that the rise in price of the Russian currency takes place against the backdrop of a decrease in imports due to sanctions. policy Western countries and the departure of many brands from Russia. At the same time, exports were practically not affected, which leads to an increase in the supply of the dollar and the euro and, as a result, to a decrease in their exchange rate.

Meanwhile, Russian exporters of energy resources can compensate for the appreciation of the ruble by rising world prices for oil, gas, etc. Other sectors of the Russian economicsthat supply products abroad are forced to overpay for transportation and incur additional logistics costs. Thus, non-commodity exports may seriously decrease in the near future.

Factors for the restoration of the Russian foreign trade balance may be an increase in imports and the introduction of the 6th package of EU sanctions against the Russian Federation, which includes, in particular, a deferred embargo on sea supplies of oil and oil products. It is still difficult to say how much the volume of sales of raw materials from Russia will narrow and what share of exports will be redirected to the Asian region - probable losses are estimated at 2 million barrels of oil per day.
  • Photos used: Photobank Moscow-Live / flickr.com
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  1. Bakht Offline Bakht
    Bakht (Bakhtiyar) 8 June 2022 12: 49
    +5
    Wow....
    120 rubles per dollar - the Russian economy is collapsing.
    60 rubles per dollar - the Russian economy is collapsing.
    What else can you think of?
    1. Shmurzik Offline Shmurzik
      Shmurzik (Seymslav) 8 June 2022 23: 16
      0
      Wow....
      120 rubles per dollar - the Russian economy is collapsing.
      60 rubles per dollar - the Russian economy is collapsing.
      What else can you think of?

      Excuse Bakht for not continuing the polemic with you last time about the fact that a depreciated ruble is bad, and not a reasonably expensive one is even worse ...
      In this article, almost the same thing that I tried to explain to you, but unfortunately you are surprised this time too ...
      There are economic laws, but there is PR, and never talking heads and their protégés will tell the people anything other than that everything is as good as ever, and if we remain in power, it will be even better !!!!
      ...........
      I will not dissuade you anymore ... - blessed is the one who does not lead.
      Sincerely .
      1. Bakht Offline Bakht
        Bakht (Bakhtiyar) 9 June 2022 14: 28
        0
        The fact of the matter is that there are laws of economics. Not the one that has been hammering our heads lately. And the one on which empires were built. Including economic ones.
        Never in history has a weak currency ensured the prosperity of a country. The Spanish Empire stood on a golden doubloon. During the Dutch expansion, the guilder was a very expensive coin. The British Empire had the pound, the world's currency. The US empire stands on an expensive dollar.
        “It’s still nothing that in Europe they give one fifty kopecks for our ruble, it will be worse if they start punching us in the face for our ruble”
        Saltykov-Shchedrin.

        If you can prove that the ruble is unreasonably expensive, I will be very grateful. Until July 1, 2022, the ruble exchange rate should be about 80 rubles per dollar. I wrote this many times. After July 1, depends on the decision of the Central Bank.
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 8 June 2022 12: 56
    +3
    Yeah, officials have already lied with impunity that high inflation and rising prices are a sign of great economic growth ....
    So they continue to lie ... right from the picture:

  3. Oren77 Offline Oren77
    Oren77 (Sergei) 8 June 2022 13: 17
    +2
    Make a 1% Central Bank rate to restart the Russian economy. Then there will be cheap mortgages, cheap car loans and consumer loans. The people will be able to refinance, reduce the debt burden, spend more money on goods, and the stronger the ruble is, the easier it will be for an ordinary person to live. In order not to accelerate inflation, it is necessary to issue targeted loans, and not just distribute cheap money to banks to buy dollars. But since our country is a colony of the Anglo-Saxons, it is not beneficial for them that the ruble strengthens. Therefore, metal exporters are screaming that they are suffering losses due to the strong ruble)). When the government can control the emission of the ruble itself, and not act according to the rules of the IMF (how many goods are sold for dollars, so many rubles can circulate in the economy) Then the ruble will generally be unprofitable for us at 30-200 rubles per dollar. But liberals will never allow that. (Sorry for the exposition)
    1. Vamp Offline Vamp
      Vamp (wamp) 8 June 2022 14: 38
      +1
      Quote from Oren77
      Make a 1% Central Bank rate to restart the Russian economy.

      The Central Bank and 1% + ruble investments in the Russian economy are incompatible concepts. The Central Bank was created for the final destruction of the economy and the plunder of the country.
      Only the creation of the State Bank of Russia, independent of the IMF, will make it possible to channel all internal reserves into development investments.
    2. Bakht Offline Bakht
      Bakht (Bakhtiyar) 8 June 2022 17: 12
      +1
      Basic principles of Islamic banking:

      - Partnership between the bank and the client (profit and loss distribution);
      - Money is not a subject of sale, but a medium of exchange and a measure of value;
      - Prohibition of uncertainty regarding the subject of the contract and its terms (gharar);
      - Prohibition on making profit as a result of a random combination of circumstances (maysir): gambling, betting and operations with derivative financial instruments (derivatives);
      - A ban on financing certain types of activities in accordance with the principles of Shariah: tobacco, alcohol, arms production, drugs, as well as activities related to the distribution of pornography and gambling (haram);
      - Prohibition on appropriation of another's property;
      - A ban on the sale of debt.​

      According to 2019 data, the global Islamic finance market is in the growth stage and reached 2,2 trillion US dollars, expanding by 7% over the year. The number of commercial Islamic banks was 418. According to Ernst & Young, although Islamic banking manages only a fraction of Muslim banking assets, it is growing faster than banking assets as a whole. For example, in 2009-2013. its growth rate was 17,6%.
      Islamic banking is developing fastest in Europe. Especially in the UK.
  4. GIS Offline GIS
    GIS (Ildus) 8 June 2022 15: 07
    +1
    Other sectors of the Russian economy that supply products abroad are forced to overpay for transportation and incur additional logistics costs. Thus, non-commodity exports may seriously decrease in the near future.

    Well, this is a business, there are always risks to make or not make a profit. but if now the moaning about making a profit of 15-20% instead of 100-150%, then here I agree with the comment "THE BUSINESS IS BADDLE" ...
    I'm not a financier, but why the hell do we equate everything to GLOBAL PRICES, our salary is not global.
    I don’t understand the government in terms of the inability to regulate DOMESTIC PRICES FOR METAL, MILK, BREAD in the end, this is what IS PRODUCED AT US AND DOES NOT DEPEND ON SUPPLY from behind a hillock: metal - they raised it by 100% last year - they didn’t lower it (the fence will again apparently have to be propped up with sticks)
    milk 47r/bottle 930ml
    bread (we mostly take Slavic) 27 against 37 rubles today.
    I compare milk and bread for the summer of the past year
  5. maiman61 Offline maiman61
    maiman61 (Yuri) 8 June 2022 15: 07
    +2
    Lying creatures! Only crooks, thieves and crooks need a cheap ruble! And Russia needs a strong and stable ruble!
  6. Vladimir Golubenko (Vladimir Golubenko) 8 June 2022 16: 05
    +2
    The lobbyists of our "honest" oligarchs are already worried. Less in the pocket gets. Bucks should generally cost no more than a ruble. Our ruble is provided with goods and all the wealth of Russia, and their dollar is 80% provided with services. Their services also include taxes from prostitutes. So their wrapper is paper! And don't cry for him.
  7. greenchelman Online greenchelman
    greenchelman (Grigory Tarasenko) 8 June 2022 20: 19
    +1
    The strong ruble began to have a negative impact on Russian business. Here it is as it turns out. And who sang laudatory odes for a couple of months?

    Factors in the restoration of the Russian foreign trade balance may be an increase in imports and the introduction of the 6th package of EU sanctions against the Russian Federation, which includes, in particular, a deferred embargo on maritime supplies of oil and oil products.

    Oh so the West is helping us!
  8. 1_2 Offline 1_2
    1_2 (Ducks are flying) 9 June 2022 00: 51
    +1
    all countries need a strong national currency, and only liberal oligarchs need a weak ruble
  9. Bulanov Offline Bulanov
    Bulanov (Vladimir) 9 June 2022 15: 10
    0
    The high exchange rate of the Russian currency begins to negatively affect a number of business sectors in the Russian Federation.

    And until 2014, 1 dollar was worth 30 rubles. Then it did not negatively affect the economy of the Russian Federation? You advise Biden and the Americans to lower the dollar to the value of 1 dollar for one ruble, so that their exchange rate of the American currency begins to positively influence a number of US business sectors. Here in the USA they will laugh at you!
  10. Vladimir1155 Offline Vladimir1155
    Vladimir1155 (Vladimir) 9 June 2022 22: 10
    +1
    I am struck by the vile and criminal tendentious error of the so-called "economists"! mired in the nonsense of Western false science, the last century when the world is ruled not by industrial capital, but by banking (if not speculative), the economy has turned into a blatant lie! the Russian economy and our production cannot be greatly influenced by the exchange rate, the economy is much more affected by the tax burden, if it is high, then capital flees from such a country, factories are closed, if it is low, then they resort, and we have grief for economists and grief for politicians they will discuss the quota of currencies, what rate to set by the Central Bank, they will think about where to put the super profits, but it is necessary to abolish property taxes and VAT (since the budget is already full of super profits), then technology and money and prosperity will come to the new tax haven, everything else is an empty talking shop .... if you do not feed the cow, then she will die, and if you let her live full, then she will start to give more milk