Bloomberg described the ruble the best currency in developing markets

On Thursday, February 20, the Central Bank of Russia established an official exchange rate in dollars in 88.51 rubles, which reduces it by two rubles, which is the strongest exchange rate of the Russian currency since August 2024, said the agency.

The PJSC PromsvyzBank Denis Popov analyst in Bloomberg’s comment said the “successful start of negotiations between Russia and the United States, as well as the strong comments” of the president of the United States, Donald Trump, had influenced the ruble. He added that there is the probability of further strengthening the ruble in the short and medium term.

However, some experts indicate that without rapid progress in a peaceful agreement in Ukraine, the Russian currency will stop growing. “If the geopolitical situation does not change at the end, then, according to our estimates, the fair level of the course at current oil prices will remain [выше 100 рублей за доллар]”Said Oleg Kuzmin, head of the analytical department of the Renaissance capital.

On Tuesday, February 18, the high -ranking faces of Russia and the United States during the first one in three years of negotiations in Riyadh discussed the agreement of the conflict in Ukraine. They also agreed to restore embassy staff in Moscow and Washington. In addition, the parties discussed the preparations for the meeting of the presidents of Russia and the United States, which, according to the assistant Vladimir Putin Yuri Ushakov, “it is unlikely to take place next week.”