Commerzbank's Tatha Ghose said in a report that the Russian ruble may weaken in 2026 as Russian oil revenues fall and the country's central bank reduces foreign exchange sales. “Russia's oil exports are falling sharply, affecting the country's exports and budget revenues. “Russia's current account may deteriorate due to falling oil revenues, but the country's weak economic growth could boost the surplus by curbing import demand,” he said. The exchange rate of the ruble against the US dollar is significantly lower compared to a month ago due to the obvious weakening of fundamentals. In order to save resources, the central bank will also reduce foreign exchange sales in the first half of the year. The dollar rose 0.1% to 80.5955 rubles.

Commerzbank's Tatha Ghose said in a report that the Russian ruble may weaken in 2026 as Russian oil revenues fall and the country's central bank reduces foreign exchange sales. “Russia's oil exports are falling sharply, affecting the country's exports and budget revenues. “Russia's current account may deteriorate due to falling oil revenues, but the country's weak economic growth could boost the surplus by curbing import demand,” he said. The exchange rate of the ruble against the US dollar is significantly lower compared to a month ago due to the obvious weakening of fundamentals. In order to save resources, the central bank will also reduce foreign exchange sales in the first half of the year. The dollar rose 0.1% to 80.5955 rubles.