What will bill US on sanctions against Russia
The restoration of the ruble lasted not for long: the national currency is again weakening. The dollar may cross the mark of 70 rubles on August 22, experts say. At the same time, the Russian state-owned banks may have difficulty with dollar transactions and decline in profit. This happens due to the imposition of U.S. sanctions against Russia. This week a paper was published on the official website of the Congress and contains a ban on new issues of Russian debt, as well as on transactions of Russian banks in the United States.
The official dollar rate against the ruble set by the Central Bank on Friday, August 17, made up of 66.89 rubles against 66,37 on Thursday. The Euro with the expectation of tomorrow grew to 76.05 75,22 rubles against the previous day.
Thus, the ruble after two days of growth continued to fall.
From last week until Tuesday the Russian currency was pursued by a series of failures.
On the news on possible US sanctions against Russia, the dollar took a major milestone after the other: first 66 rubles to the dollar, 67 rubles then, and on Monday, August 13, reached 68 rubles for the U.S. currency.
Respondents “Газетой.Ru” experts believe that the ruble will continue to fall. The temporary growth of the Russian currency due to the fact that investors “got used to sanctions,” the fact that oil prices rose.
Fundamental factors in support of the ruble is not.
“The trade balance of Russia is about $140 billion, Given that sanctions may affect 5-7% of our exports, we can expect that the trade balance will adjust after a while. The course over time, also will adjust, as the trade balance,” — says Andrei Kiselev, managing partner of investment and consulting group, “D-invest”.
According to Anastasia Ignatenko, leading analyst GK TeleTrade in pessimistic variant is possible sharp rise of the dollar to the level of 71 rubles.
This is typically the case if 22 Aug Washington, as planned, will impose sanctions against Moscow in connection with the incident in the British Salisbury.
This week the U.S. Congress has published on its website a bill senators on new sanctions against Russia. The bill is called “On the strengthening of NATO, the fight against international cybercrime and the imposition of additional sanctions on Russian Federation”. Its creators — senators from the Republican and democratic parties Lindsey Graham and Bob Menendez.
The document contains a ban on operations with new issues of Russian debt, issued 180 days after the law came into force.
Compared to the earlier discussed versions of the bill in the version on the website of the Congress clarified the concept of the Russian “sovereign debt” against which can be introduced sanctions, and is also expected to impose sanctions against “cyber sector” of Russia.
As the official version of the document, “sovereign debt,” the authors of the bill consider not only the bonds of the Federal Treasury, the Bank of Russia or the national wealth Fund and foreign exchange swap lines with the Central Bank, Treasury or Fund, but also “any other financial instrument” for a period of more than 14 days, which, in the opinion of the President of the United States is a sovereign debt of the Russian government.