Trump saved the ruble

17 April 2018, 12:40 | Economy
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President of the United States Donald Trump at the last moment suspended the introduction of another package of sanctions against the Russian Federation. This decision of the head of the White House gave a powerful positive impulse to the Russian currency. On the eve of the evening, the ruble sharply went up. At the end of the day, he played 88 kopecks against the dollar and 83 kopecks against the euro. As a result, the value of the American currency dropped to 61.16 rubles, the European currency - to 75.72 rubles. Financial analysts say that the ruble was ready for a rebound, but the announcement of sanctions knocked down the positive mood of investors. As soon as the danger passed, the national currency rushed upwards. Nevertheless, the ruble is still in an unstable position. One word from Washington - and its course will again rush down. The US authorities on Monday, April 16, were to introduce another package of restrictions against the Russian Federation due to the situation in Syria. Under the sanctions were to get companies that supplied to the Arab Republic of technology that contributed to the creation of chemical weapons. However, the Washington Post reported late in the evening that the head of state, consulting with national security advisers, decided to postpone the sanctions because "he does not feel confident about their introduction". However, as soon as confidence comes to the head of the White House, the restrictions will not keep you waiting. Experts believe that they will affect not only military enterprises, but also Russian banks and companies that cooperate with Syria. "Sanctions are based on the American law CAATSA, according to which the US Congress has the right to impose sanctions against Russia under almost any pretext.

Now we have found a pretext in the form of support of the Syrian President Bashar Assad, "- quotes the" Free Press "opinion of Professor of Law at the Higher School of Economics Alexander Domrina. The depreciation of the ruble after the introduction of sanctions against the participants of the "Kremlin report" was emotional, nevertheless, the Russian currency is slowly returning to its previous levels. Even expensive oil does not help (the Brent barrel is trading at a price above $ 70), which traditionally has a key impact on the value of the ruble. "The external negative background has a more significant impact on the domestic currency today. In the second half of the month, the ruble is likely to remain in a weak position. US Announces New Sanctions Against Russian Companies and Citizens of Russia. If the new restrictions prove to be just as serious as in early April, then the ruble pairs will start to rise again and rush to their historical highs, "believes Anna Kokoreva, deputy director of the Alpari analytical department. Another round of sanctions could plunge Russia into a recession for the next few years. Due to new restrictions, the outflow of foreign capital will increase sharply, new investors will stop coming to Russia, the exit of Russian companies to foreign markets will be complicated, exports will decrease, the ruble will weaken, inflation will accelerate, experts at the HSE Research Center. In their opinion, the shock shock that already occurred in early April is quite enough to make the situation in the economy get out of control. The collapse of the value of the ruble by 10%, which happened a week ago, is able to disperse the price increase in Russia above the benchmark designated by the Bank of Russia, the "Newspaper. RU".

The initial (pre-inflationary) forecast of the regulator on inflation at the end of this year was 4%. Now, inflation at the very best will accelerate to 4.3%.

If Russia decides to introduce mirror sanctions against the US (the draft law on this is now under consideration in the State Duma), the situation will clearly worsen. Response measures will contribute to an even greater outflow of capital and a restriction of Russian exports. "The resumption of the war of sanctions strengthens the already growing isolation of the Russian economy, which contributes to consolidating its technological gap and maintaining low economic growth," concluded the "Development Center".




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