The Russian economy has stabilized

"The ruble today fell markedly against the U.S. dollar", - Alexey Trifonov, head of analytical department FOREX CLUB. "This is due to several factors. First of all, it is worth mentioning negative news from China. The PRC government passes law to financial control requirements for banks. As a result, the Chinese banking system has less money. I note that the ruble is now looking through the prism of forecasts for countries such as China and Brazil. In addition, the analytical department of one of the world's largest banks HSBC has recently published a review. It states that the level of industrial production is now at its lowest level in several years. There is concern that developing economies slow down, first of all, we are talking about India and China. Hence, they will consume less raw materials, including oil. And this is bad news for the ruble and the Russian budget. It is also not pleased with the market participants the data from the U.S.. The oil reserves there are high. As a result, oil prices fell, but still "black gold" continues to trade above 80 dollars per barrel. The second important point - the growth of the dollar on world currency markets, in particular against the euro. The situation in Europe remains challenging. The decision to allocate 100 billion euros in Greece accepted. But first, it still must approve the parliaments of the leading euro-zone countries, and secondly, there are difficulties in Greece. Since the Greek authorities will carry out very stringent requirements if they wish to receive this assistance. They need to reduce costs. Naturally, the population is unhappy, all over the country are massive protests, and that's voters. Therefore, the Greek problem remains. There are fears that other countries, Spain and Portugal to seek help. It would be very bad for the market. Despite the negative news that we have seen lately, there are no signs of the second wave. Forecasts of oil prices depends on how intensively grow the economy take off one's shoes, to a greater extent, investors worried about China and India. If the Chinese economy will indeed slow down, it will negatively affect the oil market and, accordingly, the ruble. Short-term ruble has depreciated against the American currency. But, overall, the fall in the oil market is not critical. All the same positive outlook, including, for GDP growth of the BRIC countries, particularly Russia. We have increased the level of industrial production. In my opinion, in general, the economy stabilizes. Slowly recovering States "- says the expert. At 16:59 MSK on the UTS MICEX dollar rose to 29.3737 rubles ($ 0.2266), the euro, by contrast, has declined - to 38.5740 rubles (-0.2098).