According to him, the share of investments by "agents of influence" from friendly countries does not exceed 10% of the total OFZ volume owned by non-residents.
“That is, the potential volume for the sale of OFZs may amount to 140-280 billion rubles, but not all 2.8 trillion rubles that were owned by non-residents at the end of February this year,” Kochetkov said in a comment to the Prime agency.
The analyst noted that there are expectations for a decrease in OFZ yields against the backdrop of a reduction in the Central Bank's rate.
At the same time, investors' interest in Russian OFZs may become an impetus for the development of trade relations with the country.
“Thus, in addition to the expected flow to the exit, a flow to the entrance can be formed.
Therefore, the pressure on the ruble through the OFZ will not be so catastrophic,” the expert concluded.
Vitaly Manzhos, senior risk manager at Algo Capital, had previously allowed the ruble to depreciate against the dollar in the fall.
According to him, in the next few weeks the dollar will cost between 55-68 rubles.