News about the new US sanctions against Russia has had a very negative impact on the exchange rate. For a day, the dollar and euro at the exchange became more expensive by almost two and a half rubles. Financial analysts told JustMedia. ru, what factors influenced the collapse of the Russian monetary unit. According to Dmitri Kharlampiev, director of analysis for the corporate-investment bank Otkrytie, the effect on the devaluation of the Russian currency was not only toughened by the embargo, but also to a decrease in quotations for oil.
"Due to the factor of the trade war and unofficial information about the excess of certain OPEC members quotas for the extraction of Brent crude oil became cheaper by 3.5%. This could become a secondary factor that had a negative impact on the ruble. But the key impact on the fall of the Russian currency is associated with a general negative background in the domestic financial market, related to the tightening of sanctions on Russia by the US, "said Kharlampiev.
The analyst also suggested that a new wave of embargoes would put an end to the export of American products related to national security to Russia and would not allow independent inspections of UN inspectors, which would lower the level of diplomatic relations, new restrictions on trade, and " Aeroflot in the US will be suspended.
The depreciation of the dollar against the ruble is possible, but this requires a long period of time.
"Without taking into account the factor of sanctions, the dollar rate due to the" ruble "interventions of the RF Ministry of Finance for replenishment of the Reserve Fund should be traded in the range of 55.5-61 rubles. However, sanctions and the resulting panic can move it closer to 70 rubles. A return to a fundamentally reasonable range is possible, but it will most likely take about 12-18 months, provided there is no new negative, "said Timur Nigmatullin, an analyst with Otkritie Broker.
Recall that the new US sanctions against the Russian Federation will come into force on August 22.