Still according to my previous forecast, USDRUB rate cooled slightly at the end of April. However, due to the sudden withdrawal of Russian troops in eastern Ukraine, the tension has eased, causing the USDRUB rate to continue to plunge this month.
However, good news. SberBank, Russia's largest bank, has just had a decision of the board of directors to distribute a dividend of up to 422.4 billion rubles to shareholders on June 17, of which 211 billion will be distributed to free shareholders, including many foreign shareholders. It is likely that the situation will be similar to 2020, when these shareholders want to withdraw capital, causing the price of USDRUB to increase.
Along with that, the law to ease the management of US dollars for import-export businesses that Mr. Putin had promised will be introduced in July, will also increase the demand for US dollars in Russia. higher.
However, good news. SberBank, Russia's largest bank, has just had a decision of the board of directors to distribute a dividend of up to 422.4 billion rubles to shareholders on June 17, of which 211 billion will be distributed to free shareholders, including many foreign shareholders. It is likely that the situation will be similar to 2020, when these shareholders want to withdraw capital, causing the price of USDRUB to increase.
Along with that, the law to ease the management of US dollars for import-export businesses that Mr. Putin had promised will be introduced in July, will also increase the demand for US dollars in Russia. higher.