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

Oscar 2020 Nominee List
Movie

Oscar 2020 Nominee List

2020
Rating of summer tires 2019, the best tires (top 10)
Cars

Rating of summer tires 2019, the best tires (top 10)

2020
10 best dishwashers in 2018, price / quality rating
Technics

10 best dishwashers in 2018, price / quality rating

2020

Leave Your Comment

Recommended

10 strongest alcoholic drinks in the world

10 strongest alcoholic drinks in the world

2020
Top 10 Doomsday Options

Top 10 Doomsday Options

2020
Top 10 most unusual sports

Top 10 most unusual sports

2020
Top 10 Worst Ways To Make Money

Top 10 Worst Ways To Make Money

2020

Popular Categories

  • Medicine
  • Cars
  • The most in the world
  • Sport
  • Coronavirus
  • Tourism
  • Technology Reviews and Tests
  • Books
  • Cities and countries
  • Movie

Recent

10 dirtiest seas in the world

PAMM-accounts rating from all sites

TOP 10 most popular foreign cars in Moscow

10 best smartphones up to 30,000 rubles in 2019

5 biggest myths about obesity

The most disgusting cosmetic procedures

Actual

Best employers in the world, Forbes rating
Ratings

Best employers in the world, Forbes rating

2020

Forbes has released its first ever list of top employers. For this, we took data on the largest public companies in the world and analyzed over 36,000 references from the Statista service. Employees of 2,000 companies were asked to rate their employer and likelihood. ...

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

12 best VR glasses for VR 2019: which ones to choose

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

10 SEO Optimization Mistakes to Avoid

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

Top 5 Tips for Choosing a Christmas Tree

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

The best night clubs in Moscow, rating 2019

2020

The best in the world

The best in the world.

Recent

  • The best TED performances in Russian (video)
  • Top 7 facts that can ruin your childhood memories
  • The best athletes of 2014

Popular Categories

  • Ratings
  • Ratings
  • Technics

© 2025 https://efuc.org

  • Technology Reviews and Tests
  • Technics
  • Articles
  • Nature
  • Books
  • Food and drink
  • Tourism
  • Favorite
  • Coronavirus
  • Medicine

© 2025 https://efuc.org