The strengthening of the ruble

the Head of Bank VTB Andrey Kostin in an interview owned by Grigory Berezkin edition of RBC called the period of the strengthening of the ruble. In his opinion, to the end of the year the dollar will not be able to go beyond 80 rubles, then the Russian currency will start to grow.

the Banker noted that the Central Bank and the Ministry of Finance has the potential to support the exchange rate, if necessary, and the current fall of the ruble by 15 percent occurred in the allowable range.

Kostin Also approved the regulator’s decision not to raise the key rate. He noted, however, that the Central Bank could provide banks with more favorable terms, to enable them to support citizens and business in crisis conditions. This measure, said the head of VTB, would reduce the burden on the budget.

Before bidding on Masuria Monday, April 20, the dollar is worth 73,96 ruble, Euro — ruble 80,46. At the highs in the last month they were over 80 and 88 million, respectively.

the Fall of the Russian currency began after the failure of the transaction on the restriction of production in the OPEC format+ in March. The parties were able to agree a month later. However, due to the sharp decline in demand for raw materials in connection with the pandemic coronavirus agreement are unable to support oil prices.