In Russia in connection with the unfolding global crisis on the oil and currency markets is not excluded devaluation. The country’s budget deficit, it is also possible, according to analysts Fitch, which cites RIA “Novosti”.
In the international market the exchange rate of the Russian ruble continues to decline. The Euro is trading at 84-86 rubles, the dollar — around 74-75.
In Russia the day off today, and the Moscow currency exchange set to open lower tomorrow, but observers are already talking that the possible new “black Tuesday”. Last time was 85 RUB., the Euro gave in February of 2016, then the rate declined.
Previously on “black Monday,” the ruble fell to 72 rubles per $1 in connection with the loss of oil futures 30% of the cost for the background to the intractability of the members of OGTR+ and the epidemic of the coronavirus.
In this case, Fitch believes that the collapse of oil won’t kill shale production. Threatening situation in this area was observed 2015-2016, but the industry has only strengthened, they resemble.
Meanwhile, shares of the largest in Saudi Arabia’s oil producer company Saudi Aramco at the opening of trading have fallen by a maximum of 10%. While the Saudi state-owned company in the media as a possible “organizer of the” current decline in raw material costs.
What will happen to the well-being of Russian citizens, read forward-looking articles of “Rosbalt” here and here.
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