He noted that “fundamentally, the course is greatly underestimated today”.

“And if geopolitical factors stabilize and the situation with the coronavirus becomes more or less stable and understandable, then I think the ruble will strengthen by the end of the year,” Gref quotes TASS.

According to him, "the second factor is, in fact, fundamental economic reasons."

He explained that "this is an inflow of foreign exchange, a foreign exchange balance, which depends on the prices of our export goods, and primarily oil."

Earlier, economist Vladislav Zhukovsky, a member of the Presidium of the Stolypin Club, said in an interview with the NSN that the closer the date of the US presidential election (November 3), the more the Russian currency can move to 80-82 rubles per dollar.