Forecasts. The position of the ruble at the end of summer 2020

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Basically, leading analysts believe that the basic scenario for the development of the situation is favorable for the Russian currency. By the end of 2020, we can fully expect that the ruble will grow steadily. This is due to 2 main points:

The virus attack is likely to be curbed by the summer. After taking the tough measures associated with the disease COVID-19, the economy will recover. The government is already taking measures to maintain the country's economy and national currency.
Stabilization of oil prices. This factor is also affected by the previous reason. Nevertheless, already now we can talk about improving the situation thanks to the policy of the Russian Federation and agreements in relation to production and pricing for “black gold”.
In a favorable scenario, in relation to these key indicators, the ruble may grow in 2020 in the second half if:
growth of investment attractiveness of Russian enterprises;
- rising stock prices of domestic enterprises;
- lifting or easing sanctions against Russia;
- production growth.