news unrolled

Post: Economist says how Russia’s expansion could affect the ruble


Economist Belyaev: the development of new regions will have a positive effect on the Russian economy

MOSCOW, October 6 – RIA Novosti. Mikhail Belyaev, who has a doctorate in economics, stated in an interview with Sputnik radio that the entry of new regions into Russia will lead to the emergence of private investment projects. He explained how this could affect the exchange rate of the Russian national currency.

Restoration work in the DPR, LPR, as well as in the Zaporozhye and Kherson regions will require significant investments, but in the future these costs are sure to turn into profits, Belyaev. He predicts that investment projects related to economic activity in the new constituent entities of the Russian Federation will lead to the emergence of new jobs and have a positive impact on the state of the Russian economy in general.

“It may seem like a direct cost of the Russian budget for the construction of houses and businesses, but in reality it will be an investment. All restored facilities will bring a certain return in the future. In the short run these are costs, but these are costs that will turn into profits and new jobs. So, we are not deducting money from the national economy, We are investing,” Belyaev said.

The economist believes that the positions of the Russian national currency may strengthen due to investments in new regions. He also added that the expansion of the country’s territory will lead to the expansion of the ruble zone.

In an interview with Sputnik radio, Mikhail Belyaev said, “An even greater stability in the national currency is possible. If the economy becomes more stable after the emergence of new assets due to new investment projects, then the national currency will become stronger.” .

Source: Ria

Leave a Reply

Your email address will not be published. Required fields are marked *