Reuters: Trump Brought Down The Russian Ruble With One Statement

• 2.08.2025, 19:16

It's going to get more serious from here.

New sanctions announced by Donald Trump will be a major factor in this, predict 14 market analysts interviewed by Reuters reporters.

According to analysts, the Russian ruble will weaken by 20% in the next 12 months.

"The ruble's behavior in August will largely depend on the specific content of the sanctions measures that Washington plans to impose against the Kremlin," said Finam analyst Alexander Potavin.

That Trump's words alone "collapsed" the ruble by 4.3 percent of its value over the past week, although it has regained ground in the past two days.

"If the sanctions announced by Donald Trump against Russia turn out to be severe and are implemented, the Russian economy and financial market could face a new, profound impact," Potavin added.

Most analysts believe that the Russian ruble, which is trading at around 80 units per dollar today, is overvalued and should fall in value. The monetary policy of the Russian Central Bank may also contribute to this.