The goal is to slow down the ruble: Russia will buy yuan and other "friendly" currencies for $ 70 billion

According to journalists, the purchase of such a amount in the currencies of friendly countries is evidence of departure from more than ten years of practice on accumulating savings in dollars and euros against the background of large -scale sanctions imposed by the United States and their allies. Against the backdrop of these news, the growth was shown by Chinese Yuan, the Turkish Lira and the Indian.

The publication states that after the start of a full -scale invasion of Ukraine, about half of $ 640 billion in international foreign exchange reserves of the Russian Federation was blocked. "In a new situation, it is extremely difficult and impractical to accumulate liquid currency reserves for future crises.

The publication also states that the purchase of "friendly" currencies can be problematic for the Russian Federation, as it will require a separate agreement with China, which will be very difficult to reach in the face of the crisis that exists. Other currencies, such as UAE Dirham, are prone to "high political risks" as governments can change their policy on the state, and the Turkish Lyre has recently faced serious risk of weakening, according to the document.

However, in the short term, when revenues from oil and gas exports will be able to support the ruble, the Russian authorities will be able to allocate 4. 4 trillion rubles (about $ 70 billion) for the purchase of "friendly" currencies. According to Natalia Lavrov, the main economist of the BCS Moscow Financial Financial Group, the purchase of a currency of $ 70 billion can lead to a fall in ruble to $ 75-80 for a dollar from the current 60.

According to the plan previously approved by the Russian government, in case for 3-5 years. It should be noted that Russia's economy is focused on export. This means that the state treasury is replenished primarily at the expense of taxes on the income derived from the sale of resources. The lower the exchange rate of the foreign currency, the less rubles will be received in the form of taxes of the country and regions, which will eventually lead to stagnation.

In addition, there is a concept of "Dutch disease". It is an economic phenomenon in which high -tech industries are being degraded in a country that is highly exported to raw materials. Thus, too strong national currency provokes stagnation in the development of science and promising spheres of economy. We will remind, according to analysts, a full -scale Russian invasion of Ukraine rejected the economy of the Russian Federation four years ago as a result of the first quarter after the attack.