As Belyaev emphasized, the exchange rate of any currency depends on the general state of the economy it represents.
The ruble is based on a fairly solid economic foundation, the specialist explained.
“The Russian economy has not suffered great economic damage, it is in a state of adaptation to the new emerging conditions.
This determines the stability of the ruble, unlike the dollar and the euro, which were heavily affected by the sanctions, and these economies are in a very difficult position, which determined the rapid decline of the dollar and the euro against the ruble,” the economist said.
According to him, the European economy suffered more than the American one.
He also mentioned the information component, which aggravated the fall of the euro against the ruble.
The expert allowed the euro to fall further against both the dollar and the ruble due to the policy of the EU leaders.
Earlier, the euro exchange rate on the Moscow Exchange fell below 59 rubles for the first time since June 2015.