OREANDA-NEWS The artificial strengthening of the ruble could lead to a commodity collapse in Russia, warned Yaroslav Kabakov, Director of Strategy at FINAM investment company. In the NSN press center, he explained that the ruble is strengthening due to the current economic model.

«The main reason for the strengthening of the ruble is the model that we have now. Exporters sell 80% of the revenue on the market. Plus, the collapsed imports lead to the fact that the business does not redeem the current export revenue. Accordingly, in two or three months we will see a commodity collapse in our economy. If the import chains do not recover, everything will not be very positive here», Kabakov said.

He added that the transition to ruble payments for gas is «actually a verdict for metallurgists». The flows are concentrated in one bank, the Ministry of Industry and Trade wants to determine the marginality of trade, and all this, according to Kabakov, leads to some kind of «quasi-USSR». In a system with state planning and determination of marginality of all economic entities.