In addition, the expert noted that such exchange rates play a minus for the country’s economy.
– More than 50% of the income to the Russian budget is income from the export of oil and gas. If the ruble is strong, then less money comes to the budget. Exporters sell foreign currency from proceeds, income depends on the exchange rate – the higher the value of the dollar, the more rubles the budget will receive. Due to the undervaluation of the exchange rate, the Russian budget is greatly short of money, the economist said.
