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Why exports and the ruble will fall.

March 2022 Russia’s revenues from the sale of oil and gas fell by 302 billion rubles compared to the planned level. As a result, the total volume of additional oil and gas revenues amounted to 496.3 billion rubles. (From the website of the Ministry of Finance).
The sanctions are starting to take effect.
Further more…

Please note: they count in rubles.
Therefore, a strong ruble is not profitable.

I think the RTS index will continue to slide down.
The growth was due to the fact that there is nowhere to invest rubles.
Yes, there was another option – deposits (20% in rubles, 6% in $, the percentage has already been reduced).

Sincerely,
Oleg.

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