In an interview with the Prime agency, he recalled that after the fall in the spring, the ruble has almost doubled to record levels seven years ago, in connection with which the Russian authorities began a systematic easing of currency controls.
“However, this was not enough to return the ruble exchange rate to lower economically justified levels.
Moreover, imports are not recovering fast enough,” Babin said.
He also admitted that by the end of the year the dollar could return to the range of 70-80 rubles.
Earlier, Associate Professor of the Department of Economics at the North-Western Institute of Management of the RANEPA, Candidate of Economic Sciences Artyom Golubev, in a conversation with the Economics Today FBA, gave a forecast on how the Russian and foreign currencies might behave in the future.