“Most likely, there will be no significant changes in the foreign exchange market in the short term: the ruble may continue to strengthen due to the existing imbalance between the supply and demand of foreign currency in the Russian market,” the specialist said.
As the analyst emphasized, until the previous volumes of imports are restored (and this will take a long time), the inflow of foreign currency into the country will exceed the demand for it.
“Because companies currently simply cannot purchase everything they need, which was previously purchased for dollars and euros.
The only thing that can dramatically change the situation is the decision of the Russian government to adjust the budget rule, as well as large-scale interventions by the Ministry of Finance.
But so far there are no factors that speak for the fact that the authorities have adopted the final mechanism for balancing the exchange rate of the national currency within acceptable limits, ”the expert added.
According to Sidorov, next week the value of the dollar will be at the level of about 49-53 rubles, the euro - in the range of 51-56 rubles.
“In the medium term, the ruble will still gradually weaken against foreign currencies due to the measures taken by the government, which needs a balanced exchange rate for the sake of the budget at a level above 70 rubles per dollar,” the RT interlocutor concluded.
Earlier it became known that the Ministry of Finance of Russia is ready to buy the currency of friendly countries to influence the exchange rate of the ruble against the euro and the dollar.