The best in the world

  • Home
  • Technics
  • Finance
  • Ratings
  • Cars
  • Movie
  • People
  • Home
    • Technics
    • Finance
    • Ratings
    • Cars
    • Movie
    • People

Home Ratings

Why is the ruble falling? Top 3 reasons for the fall of the ruble

Share
Pin
Tweet
Send
Share
Send

Russian Prime Minister Dmitry Medvedev said why the ruble is falling and named the three main reasons for the fall of the national Russian currency against the dollar and the euro and the weakening of its position in the global capital market.

In the current situation, a weak ruble is good for the Russian budget, since most of it is generated from export earnings, which mainly consists of fuel and energy products. They are traded in US dollars. Exporters who benefit from a weak ruble are bringing currency to our country. And the Russian government needs the currency to pay off its debts. On the other hand, a weak ruble leads to large inflation and a strong decline in the purchasing power of Russians.

Introducing you top 3 reasons why the ruble is falling, according to Dmitry Medvedev.

3. Sanctions of the West

Financial sanctions adversely affect the Russian economy, depriving enterprises of vital Western financial sources needed to refinance business debts. And the sanctions imposed on the largest Russian state-owned companies (Sberbank, VTB, Vnesheconombank, Russian Agricultural Bank, Gazprombank) and private banks are important reasons for the depreciation of the ruble. Investors from Europe cannot acquire new shares and Eurobonds of financial institutions under sanctions. Also, banks “punished” by the West cannot carry out long-term financing (for a period of more than 90 days). However, according to Medvedev, the sanctions process will not continue indefinitely.

2. Yuan devaluation and weakening tenge

Russia, connected by long-standing economic relations with Kazakhstan, is affected by what is happening with its “neighbor”. The government of Kazakhstan decided to abandon the currency corridor; as a result, the position of the Kazakh currency, the tenge, weakened. And since the Russian and Kazakhstani economies are interconnected, the processes taking place in Kazakhstan explain why the ruble is falling again. As for the PRC, according to experts, the depreciation of the yuan against the dollar could lead to a continued outflow of capital from emerging markets and a drop in commodity prices (the sale of which in many respects depends on Russia).

1. Lower oil prices

The prime minister of Russia also included in the list of reasons for the weakening of the ruble a drop in the value of one of the most important minerals in the world. The Russian economy is largely dependent on oil exports, which makes it very sensitive to any fluctuations in world prices for this type of raw material, especially if it is unexpected and sharp. Medvedev called the current fall in prices of "black gold" the lowest point of quotations over the past 6 years. He clarified that if you take the 30-40-year period, you can see lower prices, but at the moment the cost of oil has become indecently low. And this explains why the ruble is falling today in the global currency market.

Share
Pin
Tweet
Send
Share
Send

Watch the video: Russian Ruble Tumbles To The Ground.. (June 2025).

Similar Articles

The most ridiculous names of the rivers of Russia
Nature

The most ridiculous names of the rivers of Russia

2020
Top online stores of replica Swiss watches
Ratings

Top online stores of replica Swiss watches

2020
Top 5 beautiful lakes to relax
Ratings

Top 5 beautiful lakes to relax

2020

Leave Your Comment

Recommended

Rating of the best schools in Moscow 2018 - full list

Rating of the best schools in Moscow 2018 - full list

2020
10 companies that succeeded during the crisis

10 companies that succeeded during the crisis

2020
The standard of living in the countries of the world, ranking 2019

The standard of living in the countries of the world, ranking 2019

2020
Top 10 most beautiful flowers in the world

Top 10 most beautiful flowers in the world

2020

Popular Categories

  • Books
  • Technology Reviews and Tests
  • Nature
  • Articles
  • The most in the world
  • Games
  • Favorite
  • Technics
  • Movie
  • Cities and countries

Recent

The most outstanding businessmen of our time, Forbes list

The most popular games and game characters of 2019 according to PornHub

Rating of countries by level of public debt

10 coldest cities in the world

The most influential people of Russia 2018, Forbes rating

Best Hair Growth Products: Effective Drugs

Actual

Last minute alcohol cocktails - 10 best recipes with photos
Ratings

Last minute alcohol cocktails - 10 best recipes with photos

2020

People always want bread and circuses. The very process of preparing such extreme drinks is fascinating and delights all observers, though entertainment is mainly dependent on the skill level of the bartender. A striking characteristic of fire cocktails is their strength, which is why they ...

Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

Top 10 Trending TV Series of 2020 (The WIT Version)

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

Top 10 most dangerous professions

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

10 scariest books in the world

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

Rating of the most aggressive and annoying banks in Russia

2020

The best in the world

The best in the world.

Recent

  • Rating of the best free antivirus programs, test of 2015
  • Rating of robotic vacuum cleaners 2016
  • Top 7 companies whose stocks are promising for investment

Popular Categories

  • Ratings
  • Ratings
  • Movie

© 2025 https://efuc.org

  • Favorite
  • Games
  • Medicine
  • Cities and countries
  • Sport
  • Tourism
  • Technology Reviews and Tests
  • Technics
  • Articles
  • Food and drink

© 2025 https://efuc.org