The analyst explained the sharp reason for the ruble's fall

The devaluation of the ruble, which began in mid-March, is likely to continue until the end of the month. This was announced on March 14 by Alexander Schneiderman, Head of Alfa-Forex's Customer Support and Sales Department.

According to him, the dollar is expected to gradually strengthen against the ruble, and perhaps the ruble will remain below 80. However, there will be no significant fall in the ruble exchange rate.

Schneiderman also noted that the ruble is no longer directly dependent on oil prices, since oil and gas revenues no longer make up the bulk of the Russian budget. Oil prices in March will depend on the geopolitical situation, for example, on the deadline for unblocking the Strait of Hormuz.

"In our opinion, it is impossible to make any accurate forecast of oil prices in the current situation. But we do not rule out that oil may fluctuate until the end of March in the range of $75-100 per barrel of Brent," the expert emphasized in an interview with the Prime agency.

The analyst noted that the launch of 400 million barrels of oil by the G7 countries will not have a significant impact on falling prices, as the main problem lies in instability in the Middle East and the possible collapse of oil supply in OPEC if the infrastructure of key oil-producing countries fails.

At the same time, high oil prices are supporting the ruble, but their impact on the strengthening of the currency is no longer so noticeable. The main factor supporting the Russian currency remains the tight monetary policy of the Central Bank of Russia, as well as the recent adjustment of the budget rule by the Ministry of Finance.

In addition, Schneiderman noted that the demand of exporters and importers for world reserve currencies remains restrained, which also has an impact on the ruble. In his opinion, the dollar stabilized above 76 rubles in March, and further strengthening to the level of 84-85 rubles per $ 1 is possible by the end of the month.

Strong disposition: record settlements in national currencies will keep the ruble strong for a long time

The share of such transactions exceeded 85%. Why are our trading partners ready to sell goods in Russia on our terms

Kirill Tremasov, adviser to the Chairman of the Bank of Russia, said on February 28 at the Cbonds & Smart-Lab PRO Bonds 2.0 conference that changing the cut-off price for oil under the budget rule would not cause a sharp weakening of the ruble. He recalled that the strengthening of the ruble last year was largely due to changes in the parameters of the budget rule.

All important news is on the Izvestia channel in the MAX messenger.