Displaying items by tag: ruble
Russia since the introduction of Western sanctions has reduced the share of its payments in dollars by 12.6% in foreign trade, increasing the share of payments in rubles and euros by 14% and 26.6%, respectively, according to a study conducted by analysts FinExpertiza.
Morgan Stanley added a recommendation to sell the dollar against the ruble, rejecting concerns about possible new sanctions, the company said in a review.
The ruble tested yesterday's highs on Wednesday, looking at expensive oil and anticipating the rush of demand at auctions OFZ. Analysts around the world explained why the funds should choose the ruble and Russian bonds.
The market was afraid of a package of new painful measures against the Russian debt, and received sanctions against Sechin.