12:28 - 9.01.2023

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January 9, Fineko/abc.az. Throughout 2023, the Russian currency will strive for balance rate of 75 rubles per dollar for the Russian economy.

ABC.AZ reports that Alina Rozentsvet, the head of the Russian National Rating Agency (NRA) stated about this in an interview with for Izvestia.

She explained that the main reasons why the ruble may continue to weaken in the coming year are lower prices for resources exported from Russia, potential reduction in oil and gas production due to sanctions restrictions and the inability to realize these volumes. This will lead to reduction in export revenue and, as a result, reduce the supply of foreign currency.

"The dollar exchange rate, which, on the one hand, will not cause significant consumer inflation, on the other hand, will help increase export revenue and cover federal budget expenses, is about 75 rubles per dollar. Most likely, over the next year, the ruble will strive for this assessment," Alina Rozentsvet stressed.