The head of " VTB 24 ": the ruble will strengthen in the range of 5-10%
MOSCOW, 28 April - RIA Novosti/Prime. The Russian Ruble has the potential to strengthen in the range of 5-10%, for this reason, the continued depreciation of the ruble will not, said the head of "VTB 24" Mikhail Zadornov.
"When we talk about the potential to strengthen, in the end It in the range of 5-10%, and not more than today's values," said Zadornov on air of TV channel " Russia 24 "." If we proceed from the current level of oil prices and that will not become a new geopolitical risks in Ukraine and more global, we believe that the Ruble is, without doubt, has the potential to consolidation, " he added.
in comparison with the beginning of 2014 saw a depreciation of not only the Russian ruble, but in General, emerging market currencies, have focused Zadornov." for example, the Brazilian real has depreciated by almost 30% since the beginning of 2014 to date. This overall decrease of emerging market currencies against the dollar, This trend last year and a half ", - noticed the head of " VTB 24 ".
"The ruble has significantly depreciated, and I do not share positions about the fact that he is obliged presently to depreciate further from today's levels," said Zadornov." It is unlikely the Central Bank is able long to keep the Ruble from the movement towards equilibrium ", - he finished.
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