New US sanctions will hit hard on the ruble

08 August 2018, 19:29 | Economy
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A fresh package of restrictions is a time bomb. True, it is not known when it breaks.

Today, the national currency was again in the red. At the Moscow Stock Exchange auction, the euro rate fluctuated within 75 rubles, the dollar eventually stopped at around 64.5 rubles. Growth was caused, among other things, by the publication of Kommersant, which listed the measures that the Republicans and Democrats of the US Senate are proposing to introduce against Russia. Mostly the document is addressed to the American leader Donald Trump, who is too ceremonious with Russia. It needs to systematize all previous restrictions against the Russian Federation, acquire a "sanction coordinating office" to enlist the support of the EU, and a center that will defend against the Russian threat. In addition, the senators incite Trump to find all the assets of the Russian president, and recognize the country itself as a "sponsor of terrorism". The US program pushed the ruble to collapse, says analyst of the company "Opening Broker" Timur Nigmatullin. "Reasonable amount" of sanctions will raise the dollar to the level of 65-70 rubles.

At the same time, the analyst does not deny that the US Treasury may not accept the document developed by the senators. Against the backdrop of sanctions, OFZ and Sberbank shares also fall, in this case the ruble shows the dynamics of leaving the Russian financial market. "This is the most unpleasant situation: you know that you will be chopped off your head, but do not know when," - said analyst The Bell. The chief economist of Alfa Bank, Natalia Orlova, did not dare to make forecasts, since, she clarified, the matter concerns not the economic factor.




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