The first deputy chairman of VTB doubted the “Curse of August” for the ruble / news of the economy of Krasnoyarsk and the Krasnoyarsk Territory / Newslab.ru

The ruble exchange rate is now determined by the geopolitics, foreign trade and operations of the Bank of Russia for the sale of Yuan as part of the budget rule, said the first deputy chairman of the VTB Dmitry Pyanov.

In a conversation with reporters, he dispelled the myth of the “curse of August” for the ruble exchange rate.

“In geopolitics, taking into account Alaska, it probably took place … a positive development of events, although nothing has yet happened, could have happened much worse. That is, in fact, sanctions against our trading partners have not been imposed, so in geopolitics we are more likely in August in a positive zone. There were no dramatic changes with our export and import either. Accordingly, both export and import took place in August, according to our data, approximately the same, as in the previous months. Well, the situation with the budget rule and with mirroring transactions … There were no significant changes either, ”the top manager said, indicating that these neutral-positive factors are“ a brief recipe for stable Augustus ”.

“The curse of Augustus is some kind of legend of old-timers,” says VTB.

According to Dmitry Pyanov that in the second half of the year they expect a weakening of the ruble exchange rate to 86 rubles per dollar at the end of 2025.