Russian Authorities to Start Weakening the Ruble and Lowering the Central Bank's Key Rate This Summer: Expert

2025/05/19, 23:45
Russian authorities may begin weakening the ruble as early as this summer. The regulator could lower the key interest rate. This was reported in the Telegram channel "Topor. Ekonomika."

According to estimates by banking sector expert Andrey Barkhota, the U.S. dollar could rise to 95 rubles. Among the regulator's potential measures are the abolition of mandatory foreign currency revenue sales, a reduction in the Central Bank's key rate, or large-scale currency interventions, the analyst claims.

Earlier, it was reported that Russians could face fines of up to 15,000 rubles for violating shashlik (kebab) cooking rules. When preparing shashlik, safety precautions must be observed. The Union of Gardeners stated that grilling meat is only allowed in barbecues or grills placed no closer than 5 meters from residential buildings and utility structures on the property. Failure to comply with these requirements may result in a fine ranging from 5,000 to 15,000 rubles for the property owner.

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