Bloomberg: Cancellation of sanctions may strengthen ruble

Baku. 31 January. REPORT.AZ/ In case of cancellation of the American sanctions against Russia, the ruble may strengthen by 5-10%, Report informs referring to a survey among  27 economists of Bloomberg.

On the second place on popularity the scenario in which the growth rate of the ruble to the dollar will be 1 to 5%, the inclined 41% of respondents.

According to a recent survey conducted by the Agency 20-25 January, the probability of such development of events decreased to 35%.

In case of a substantial strengthening of the ruble, the Russian authorities, most likely, will conduct currency intervention, says Bloomberg Vadim Bit-Avragim, senior portfolio Manager of UK Capital.

Societe Generale analysts in their study, which leads Bloomberg, admit that an easing of sanctions could lead to the fact that the exchange rate of the ruble to the dollar will be set at a level below 50 rubles per dollar.

Notably, sanctions were not discussed during a telephone conversation between US and Russian presidents.Dollar exchange rate currently stabilized at 60,00 RUB/USD level.