To know how close the collapse of the War Economy of Russia there is two figures, as stated by the Russian expert of the US Financial Information Agency BloombergStephanie Baker. “I look at these two economic figures every day,” Baker said.
The first of these is the price of oil. The cheaper the oil is, the less export income Russia receives. Meanwhile, the second is the ruler’s exchange rate. The value of the ruble tells us how investors see the future of Russia, as highlighted by the media .
The price of the crude oil of the Russian Urals has fallen, publishes the same medium. This is bad news for the Russia of Vladimir Putin, whose budget still depends, despite Western sanctions, on oil and gas exports.
Russia began its large -scale war of aggression against Ukraine more than three years ago, on February 24, 2022. Since then, the price of the crude oil of the Urals has fallen more than 33%.
However, the value of the ruble against the dollar has strengthened. While at the beginning of the year a dollar cost more than 110 rubles, it now costs about 85 rubles. The ruble is now almost as strong against the dollar as the first day of the attack was.
The reason for this change is in the president of the United States, Donald Trump, who has adopted a closer line to Russia, despite European warnings. Given this, there is increasingly a lifting of the sanctions, which has stabilized the Russian exchange market, as explained by the expert.
