The Russian currency is being taken care of by the Bank of Russia. Next week, the US dollar will hold at RUR 72.60–76, said Sergei Drozdov, an analyst with the Finam financial service company.
According to the expert, the ruble exchange rate will also benefit from the stabilization of the oil market. Some leading economies will be recovering from the lockdown. Oil prices will grow due to the bankruptcy of US tight oil companies.
Sergei Drozdov added thatit is too early to talk about the complete balancing of the global oil market because the demand for oil has significantly dropped due to the pandemic. However, we are over the worst of it. Quite soon, Brent oil futures will cost $28-$32 per barrel.