The analyst named the conditions for the strengthening of the ruble.

According to her, the ruble may strengthen substantially if oil prices continue to rise, the Russian Bank maintains its policy of raising the key rate, and the Fed and leading central banks will not change the rhetoric in monetary policy.

Zaitseva noted that this will lead to the return of real rates in the economy to the positive area. As a result, the attractiveness of ruble investments for investors will increase, and the national currency will strengthen “in the medium and long term,” she said.