Russia's Economic Crisis Looming: Senator Warns of Potential Financial Collapse in Coming Years
原文:Senator Olga Epifanova opined that global downturns recur every 7-11 years.
In a chat with "Gazeta.ru", Senator Olga Epifanova stated that it's highly improbable that a global financial crisis will strike Russia by 2025.
She explained that the Russian economy is currently one of the largest and has weathered 30,000 sanctions, proving its resilience.
The senator also highlighted that global recessions happen every 7-11 years, and based on this pattern, a crisis isn't expected in the immediate future. The future progression of events will depend on the geopolitical scenario.
In addition, she underscored the significance of investing money rather than just stashing it on a card, and devising an investment strategy with guaranteed returns.
## Critically Low Dollar Rate for Russia
It's worth noting that economists have raised concerns about the critically low dollar exchange rate for Russia. The present official dollar exchange rate, as established by the Bank of Russia, stands at approximately 80.77 rubles per US dollar for the period May 17-19, 2025[1]. This rate represents a slight uptick from the prior rate of around 80.3134 rubles per dollar recorded on May 16, 2025[2].
Regarding the critically low exchange rate level for the Russian ruble against the dollar, according to economists, the ruble's lowest exchange rate value in 2025 was about 0.008794 USD per ruble, roughly equivalent to almost 114 rubles per USD (since 1 USD is nearly equal to 1 divided by 0.008794 RUB)[3][4]. This exchange rate level could be viewed as critically low for the ruble, signifying a remarkable depreciation.
To reiterate:- Current official dollar exchange rate (May 17-19, 2025): approximately 80.77 rubles/USD[1].- Critically low ruble exchange rate (lowest in 2025): about 0.008794 USD per ruble, roughly equivalent to almost 114 rubles/USD, representing the ruble's lowest value in the year[3][4].
Economists usually consider such drastic depreciations as indicators of currency stress or crisis levels, though they may not explicitly label a "critically low" official rate in the sources. The lowest observed exchange rate (around 114 rubles per dollar) can be interpreted as the ruble's critically low threshold in the recent 2025 market conditions.
- Senator Olga Epifanova advocates for exploring investment opportunities in the business sector, suggesting that stashing money on a card is not a viable strategy, given the need for guaranteed returns.
- Despite the economists' concerns about the critically low dollar exchange rate for Russia, as reported by Gazeta.ru, Senator Olga Epifanova remains optimistic about the country's financial resilience and the stability of the Russian economy.
