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Analyst Antonov called the main goal of the collapse of the ruble exchange rate the reduction of the budget deficit KXan 36 Daily News

Date: February 3, 2023 Time: 12:38:21

Antonov reminded that now several factors are putting pressure on the ruble at once: sanctions, a ceiling in energy prices, capital outflow. Also, oil is getting cheaper on the world market.

In the summer it was said that the result of a strong ruble would be a budget deficit.

“If we estimate the deficit at about two trillion rubles, then in order to close the hole, the dollar rate still needs to rise, up to 75 rubles,” the analyst said in an interview with Prime.

Earlier, Finance Minister Anton Siluanov said that each additional ruble per dollar brings 130 billion rubles in revenue to the budget.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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