The analyst called the condition for the rise of the ruble exchange rate “to the skies.” He said that the ruble will be able to strengthen to the values of 2019 by the end of this year or by the beginning of 2022.

According to him, this will happen if the coronavirus pandemic is defeated, and the raw material component in the Russian currency gives the same “explosive growth”.

However, the expert urged not to forget about geopolitics and difficult relations with Europe and the United States. “The talks about the return of the ruble to the previous historical milestones have been going on since 2014 and occur every time the ruble rate breaks up another level of resistance,” he stressed.