15:46 - 27.02.2026

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February 27, Fineko/abc.az. The Russian ruble is at risk of weakening almost by 25% after the government, faced with falling energy revenues, announced plans to increase savings in yuans in the National Welfare Fund, ABC.AZ reports, referring to bankers and analysts.

Sberbank’s head German Gref predicts a drop in the exchange rate from 77 to 100 rubles per dollar, calling the current rate "counterproductive". Finance Minister Anton Siluanov confirmed an increase in reserves and a reduction in foreign exchange sales by the state, which will weaken support for the ruble. Alfa-Bank analysts support this forecast.

The weakening of the ruble will help the budget by increasing ruble revenues from oil and will support exporters, but will create risks of inflation. After a meeting with President Vladimir Putin, the Kremlin called the drop in oil and gas revenues "work difficulties".

Sberbank forecasts economic growth of 1-1.5% in 2026, subject to a reduction in the key rate to 12% and a weakening of the ruble. The USD/RUB market is traded around 77 rubles, and the dollar is trying to strengthen.