The US government expects a step to bring the Russian economy throughout the fall to put Putin on the negotiation table.
US president Donald Trump the day before his readiness to continue the “second stage” of sanctions against Russia. The statement was lowered by the Russian currency market.
The dollar in the over -The -Term market rises in price to 82.24 rubles and updated the maximum in the last 5 weeks. The Euro’s off -time exchange rate is also the first time since April exceeds 96 rubles: it reached 96.24 rubles, according to Russian brokers.
Trump’s administration readiness to take restrictions on the day before the US Ministry of Finance Scott Immentan also said. In the event of sanctions against Russian oil consumers are introduced along with the European Union, it will bring the Russian economy “full collapse” and will help put Vladimir Putin on the negotiation table, he assures.
Bloomberg noted that the European Union also considers sanctions against Chinese companies and legal creatures from Kazakhstan, helping Russia to miss existing restrictions.
After a sharp growth in the first half of the year, when the ruble added about 40% to the dollar and euro, Russia’s money was slowly but continued to weaken from the middle of -July. During this time, the yuan exchange rate grew 7%, the dollar of 6%, the euro – by 6.5%.
The largest exporters have reduced sales in the market after the government canceled the request for a mandatory recall of foreign exchange revenues. In August, they realized only $ 6.5 billion against $ 9 billion in July and $ 12 billion a year before.
At the same time, demand for money was growing: in June, the legal creature bought a money of $ 20 billion, after July and August – $ 25.3 billion and $ 33.4 billion, respectively.
Under these conditions, the ruble will continue to weaken and by the end of the year it will reach 90 per dollar, experts predict.
As you know, foreign oil tanks are temporarily not allowed to load to the main black ports of the Russian sea due to new policies.
We added that the Russian Federation could lose $ 19 billion due to a new ceiling of oil prices. The new European Union penalties, which include a flexible ceiling of prices for Russian oil, can remove Russian budget of every fifth ruble of planned oil and gas income.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.