Ruble’s Exchange Rate That Will Be Best for Russian Industry in 2018

Sergey Tsukhlo – Head of Business Surveys Department, Center for Real Sector of the Gaidar Institute, Candidate of Economic Sciences. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Russian industry, after the ruble’s sharp plunge in late 2014, for more than three straight years existed at a new exchange rate of the national currency, when its value was determined exclusively by market forces. During those years, all the participants in that process accumulated some practical experience of operating under the new conditions, were able to properly test their previous (theoretical) notions of the possible effects of the ruble’s depreciation on the Russian economy, to adapt, over the period 2015–2017, to the actual movement pattern of the national currency, and to shape their ideas of what its desired parameters in 2018 might be.

Key words: Russian industrial sector, ruble’s exchange rate, ruble’s devaluation impact on Russian industry.