Economist Kobyak: the upcoming elections in the Russian Federation are also a limiting factor for the jump in the dollar exchange rate
Some experts predict the dollar will rise to 100-110 rubles this year. But for now the ruble continues to strengthen due to rising oil prices. Economist Pavel Kobyak on the radio «Komsomolskaya Pravda» said that the upcoming presidential elections in the Russian Federation are also a limiting factor for the jump in the value of the American currency.
“Before the elections, I don’t see any significant changes in the value of the dollar,” noted the anti-crisis manager. If “some circumstances (military actions, sanctions)” happen that will greatly affect the price of oil, and it will decline, then “we will feel it on the value of the dollar against the ruble,” since we get most of our income from the sale of oil .
The upward trend in oil prices is beneficial for Russia. The main cash flow that forms the budget is — This is the sale of petroleum products. “If oil rises and falls to $40 at some point in time, then the budget will experience a deficit,” — the interlocutor believes.
But there is definitely no need to worry that Russia will have difficulties with the sale of petroleum products, Kobyak is sure.