Russian Billionaire Deripaska Suggested Collapsing The Ruble

• 14.10.2025, 14:37

Up to 105 to the dollar.

For a sharp acceleration of the Russian economy it is necessary to collapse the ruble exchange rate, according to billionaire Oleg Deripaska.

In the businessman's opinion, which he expressed in Telegram, the rate necessary for the economy is 105 rubles per dollar.

With a cheap ruble, Deripaska believes, Russia's auto industry, which after the outbreak of war and the imposition of Western sanctions fell to USSR levels during the Leonid Brezhnev era, will boom.

"In 2024, Russia produced only 1.073 million cars, including trucks and buses. In China for the same period - 31 million. By 2030, according to expert forecasts, China will export 10 million cars a year. In Russia - the opposite dynamics: only in January-August 2025, the production of buses decreased by 28-37%, trucks - by almost a third," writes Deripaska.

The billionaire believes that the secret of Chinese success "is very simple." "The Chinese way: long-term loan rates are 4%, the exchange rate is 105 ₽/$. And in four years you have an industry with 1.2 million high-paying jobs, additional GDP growth of 2% a year," Deripaska explained.

The businessman, who in addition to aluminum giant Rusal owns the GAZ group, believes that the collapse of the ruble and cheap loans will allow Russia to learn how to produce cars that will be sold not only domestically but also abroad. Exports could reach 1 million cars annually worth $25 billion, Deripaska promises.