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Russian currency is at risk of collapse

27.10.2021

Energy prices provide substantial support to the ruble, but theoretically, there is a risk of a currency collapse. Analyst Maslov told about it.

Maslov noted that, judging by the latest news, China’s interference in the pricing of the domestic coal market has already reduced resource futures by an average of 12 percent, and some even fell by 30 percent. This factor may have a negative influence on oil, inasmuch as it has recently been often viewed as a cheap commodity that can replace expensive gas and coal, the financier explained.