Further strengthening of the ruble will add problems to Western countries

The strengthening of the Russian currency creates certain difficulties for Western countries that buy Russian energy resources. Thus, an increased demand for rubles is formed, which forces Russia's "partners" to bear additional conversion costs. This opinion was expressed by the experts of the American magazine The National Interest.

In addition, the demand for the Russian currency generated in this way reduces the effectiveness of Western sanctions.

At the same time, the strengthening of the ruble makes it possible to cancel a number of anti-crisis measures in Russia. Thus, Moscow removed the requirement for exporters to sell 80 percent of foreign exchange earnings. In addition, at a special meeting on June 10, the Central Bank agreed to return the key rate to 9,5 percent, which in the future, along with other factors, should lead to a change in the trend towards the strengthening of the ruble.

The authorities are taking such measures, realizing that a too strong ruble could harm exporters who sell energy resources and other goods abroad. Earlier, the press secretary of the Russian President Dmitry Peskov drew the attention of the press to the fact that the Russian government is monitoring the situation and taking the necessary measures.

The theme of a strong ruble constantly appears at meetings on economic issues ... The government is engaged in this, macroeconomic stability is ensured

Peskov said in a conversation with reporters.

At the moment, the dollar exchange rate on the MICEX is 57,1 rubles, the euro - 59,83 rubles.
  • Photos used: Photobank Moscow-Live / flickr.com
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  1. Vladimir Golubenko (Vladimir Golubenko) 13 June 2022 11: 36
    Who is this strong ruble bothering? Our, not getting drunk (banditting) "oligarchs" in any way? And they call themselves oligarchs out of vanity. The people benefit from a strong ruble. And don't rely on competition. The people's competition is all on the shelves of grocery stores, and external competition is of interest only to a small percentage of the super-rich in Russia. They'll survive, they won't get poor.
    1. maiman61 Offline maiman61
      maiman61 (Yuri) 13 June 2022 15: 13
      A citizen of Russia needs a STRONG ruble! Thieves, crooks and crooks need a weak ruble!
  2. aslanxnumx Offline aslanxnumx
    aslanxnumx (Aslan) 13 June 2022 12: 43
    The state is not profitable, and the state of Russia is oligarchic.
  3. Awaz Offline Awaz
    Awaz (Walery) 13 June 2022 13: 12
    Western buyers of Russian raw materials do not convert their euros into rubles. They simply pay in euros or dollars to Gazprombank and this bank converts the money. For Western buyers, this does not make it cold or hot that the ruble is strengthening. the price is still determined in Eurobucks. And the fact that it is not profitable for the oligarchs selling raw materials is such. Well, it is not beneficial for the authorities either, because incomes in rubles are decreasing. But for the population, it is beneficial. Although there may be nuances, but in general, a dollar for 50 rubles, in a normal scenario, would be a gift for the people.
  4. Kofesan Offline Kofesan
    Kofesan (Valery) 13 June 2022 18: 23
    They lived in 2014 for 30 rubles per dollar ... and nothing. And now, somehow, we'll survive.
    Even at 25... belay

    But euros will become cheaper.... Yes, and the "green" is clearly sick of the unpredictability of stock prices and other pieces of paper. May burn out accidentally. Then it will turn not even into wood, but into ash.
  5. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 13 June 2022 20: 49
    What is the demand, how they paid in foreign currency and continue. Authorized banks convert currency into rubles, for example, Gazprombank. The essence of this is the impossibility of the West to “freeze”, i.e. steal payments for energy resources and actually receive them without payment.
    The measures taken add weight to the ruble, but everything is good in moderation. A strong strengthening of the national currency affects exports, therefore it is important not to strengthen, but stability, without which it is impossible to switch to payment in national currencies with state entities that have not joined the blockade of the Russian Federation.
    In the current environment, loans at rates above 10% are unsustainable and disastrous. To repay such a loan, you must have at least 50% of the profit, and the purchasing power of the population does not provide it. Therefore, the Central Bank is trying to dodge in such a way as not to strangle the economy with high rates and prevent hyperinflation.
    The decrease in the sale of foreign exchange earnings is partly due to the fact that sanctions have been imposed on interbank transactions and residents should try hard to use it.
  6. k7k8 Offline k7k8
    k7k8 (vic) 14 June 2022 11: 27
    Quote: Vladimir Golubenko
    Who is this strong ruble bothering?

    Too strong ruble hinders the development of domestic production. As a result of the excessive strengthening of the ruble (over a balanced exchange rate), it becomes cheaper to buy than to produce yourself. Therefore, problems with excessive strengthening of the ruble will increase not only in the West, but also in our country.
    1. guest Offline guest
      guest 14 June 2022 13: 20
      That's just in the sanctions regime to buy, if even possible, it is quite difficult and most importantly expensive.
    2. Bulanov Offline Bulanov
      Bulanov (Vladimir) 16 June 2022 16: 28
      The authorities are taking such measures, realizing that a too strong ruble could harm exporters who sell energy resources and other goods abroad.

      And how did you live before 2014, when the dollar was 30 rubles each?

      Too strong ruble hinders the development of domestic production.

      Here the US strong dollar does not interfere with the development of its own production. In Germany, a strong euro does not interfere with the development of its own production. But in Russia it interferes. Maybe something else hinders the development of its own production in Russia, and not a strong ruble? How much could you build your own factories for 300 billion dollars, and not give them to the USA for fun?
      Both airplanes and cars could have their own and gas compressors for pipelines.