Putin saw a “new opportunity” for business after the fall of the ruble – RBC

Russian President Vladimir Putin at a plenary meeting of the business forum “Small Business national idea?»

Photo by Artem Korotaev / TASS

Russian President Vladimir Putin said that Russian businesses, including small, “survived” to cope with the conditions of work during the crisis. He said this, speaking at a national forum of entrepreneurs organized by the “Support of Russia”, reports Tass.

«The last two years have been difficult enough for the economy, the objective difficulties have affected almost all of its sectors, but it should be noted, that in general the business survived, including a small “- said the head of state.

Developing this idea. Putin suggested that business “even new opportunities, keeping in mind the exchange rate differences and some opportunities in the markets.” He said that in particular, “in trade, services, there is a definite positive trend” in the number of new small businesses.

Video: RBC

In May 2015. Putin advised domestic business use sanctions and the weakening of the ruble. The head of state explained that these factors will have a time-limited effect, and the need to have time to take advantage. Putin described the current situation as “complicated”, but noted that the exchange rate of the ruble increase the price competitiveness of Russian production and open up new possibilities. In addition, Putin called for vigorously develop the domestic market.

During the day on Wednesday when Putin spoke at a forum of entrepreneurs on the Moscow Stock Exchange the dollar jumped more than 2 rubles. and peaked at the time of the denomination in 1998. At the peak the dollar reached a mark of 80.773 rubles., Which is 2,212 rubles. above the closing level of the previous trading session.

The exchange rate of the euro for the first time in December 2014 exceeded 88 rubles. The ruble continued to fall against the backdrop of lower oil prices. By 14:50 MSK March futures price of Brent ICE exchange was $ 28.07 per barrel.

Video: RBC

The fall of the ruble on Wednesday, said the head of the Bank of Russia Elvira Nabiullina. The head of the Central Bank called the current exchange rate is close to fundamentally sound.

Analysts believe that the ruble will continue to become cheaper. “While everyone says that oil prices will continue to fall in price, respectively, and the ruble will become cheaper along with it. However, at the level of 80 rubles., Is likely to increase the interest of exporters to sell foreign currency. Due to this the fall of oil below $ 28 / bbl., The dollar will not go much higher than 80 rubles. “, – Says Senior strategist at Sberbank CIB Vladimir Pantyushin.

« Now the reality is that the dollar this year may and 100 rubles. to break though the fall in oil prices that is happening, “- said a finance professor at the New Economic School, Oleg Shibanov.