The exchange rate of the U.S. currency reached 57.6 rubles today. The reason is the anticipation of new EU sanctions, according to Sberbank CIB strategist Yuri Popov.
One of these days EU ministers will consider a new sanctions package, in which the Baltic States and Poland propose to include additional disconnections of Russian banks from SWIFT.
Russian banks will no longer need the currency, and they are actively getting rid of it. "Besides, it follows from the parameters of the Russian budget published in the media that there will definitely be no return to the budget rule and related currency purchases next year," Popov says.
