The Economist Said about the "Emotional Nature" of the Weakening of the Ruble
“We are facing unprecedented threats of sanctions from the United States, which are being transferred from the information field to the phase of preparing a bill, submitting it to Congress. Against this background, the weakening of the ruble against the dollar and the euro is, I would say, emotional in nature,” the economist said.
Ginko noted that so far there have been many global events that could affect the stability of the ruble, but there was no significant subsidence.
He also stressed that today the dollar is becoming a high-risk asset.
The euro exchange rate on January 13 for the first time since September 21 last year exceeded 86 rubles. At the same time, the dollar rose above 75 rubles.
It is assumed that the growth of the euro against the ruble occurred after the statement by Deputy Foreign Minister Sergei Ryabkov about the unwillingness of the United States and NATO to meet Russia's demands for security guarantees, as well as against the backdrop of "nervousness" before the summit of Russia and the United States, reports of protests in Kazakhstan and deteriorating situation in world markets.