The U.S. observer Axel de Vernou in his article for the National Interest edition says that further strengthening of the ruble will lead to additional costs for the West when buying Russian energy resources.
The expert explained that the decision taken by Russian President Vladimir Putin to sell gas in the national currency led to a significant increase in the ruble.
“The burden that has fallen on the shoulders of the West, forced to accept the Putin system, will become more and more painful. If the ruble continues to strengthen in the coming months, Western countries will have to incur additional costs to convert their currencies into rubles in order to pay for the import of irreplaceable energy resources”, Axel de Vernou said in a column for the National Interest.
The observer also believes that in the current situation, the demand for the Russian currency in the world will increase and will clearly show the ineffectiveness of Western sanctions against Russia.
With the start of a special military operation in Ukraine at the end of February, the ruble exchange rate was 80 rubles per dollar and 90 rubles per euro. The historical maximum dollar and euro set on March 10: 121.53 rubles per dollar and 132.42 rubles per euro. After the actions of the Central Bank, the Russian currency began to strengthen. As a result, on May 25, the exchange rate was 55.8 rubles per dollar and 57.1 rubles per euro.
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