Trump instructed to prepare new sanctions against Russia
Donald trump instructed to prepare new sanctions against Russia. The Ministry of Finance failed auction OFZ. Rouble gains amid rising oil prices.
The US President instructed the head of the Department of state to develop a new project of sanctions against Russia for noncompliance with the contract on liquidation of rockets. On the introduction of new restrictive measures from the United States we hear almost every day, so this story investors not to scare.
Moreover, by Donald trump already has the fame that he very often, in matters of foreign policy is bluffing. First, he makes very strong statements and threatening almost the entire world with violence, but later, the position softened. Suffice it to recall the story with North Korea and a trade war with China.
In Russia the day before passed the next auction on placement of OFZ. The first attempt after the may holidays to sell bonds actually ended in failure. In order to implement at least some amount of bonds the Finance Ministry had to offer investors a discount. Low demand for OFZ is primarily due to the lack of interest from non-residents. Foreign investors practically lost the interest of the domestic public debt. This is a negative factor for the ruble. At the same time, the ruble is growing due to high oil prices.
On Thursday morning at the auction of the Moscow exchange for one unit of U.S. currency give 61 rubles 85 kopecks, the Euro traded at 72 rubles 95 kopecks. The MICEX index holds near 2345 points, quotes of Brent crude oil is stubbornly moving to a mark in 80 dollars for barrel. Bitcoins according to the website CoinMarketCap is around 8300 dollars.
The domestic currency is now actually lasts for only one positive from the oil market. The risk of introduction of new sanctions, low demand non-residents on the OFZ put pressure on the Russian currency under pressure on the ruble. If there is a sale on the oil market, one shudders to think what the peak will go wood. However, some unnecessarily negative scenarios we now do not consider and believe that by the end of may, the dollar return in the range from 62 to 63 rubles. Most likely the end of the month we will finish in the area of data values.
The head of the analytical Department of the company,