The ruble exchange rate in the fall of 2026 will depend on the policy of the Central Bank, sanctions and oil prices
Quick Look
- According to Mikhail Khachaturyan, associate professor at the Financial University, the ruble exchange rate in the fall of 2026 will be determined by the policy of the Central Bank, sanctions pressure and oil prices.
- At the end of September - beginning of October, a range of 84-87 rubles per dollar and 96-99 per euro is expected, and in October - December fluctuations of 80-85 per dollar and 90-95 per euro are possible, with a tendency to strengthen.
AI-generated summary
Why It Matters
The forecast concerns the ruble exchange rate for the fall of 2026 and is based on a statement by Associate Professor of the Financial University Mikhail Khachaturyan, made in an interview with the Prime agency.
According to Mikhail Khachaturyan, the ruble exchange rate in the fall of 2026 will be determined by the policy of the Central Bank, sanctions pressure and oil prices.
The ruble at the end of September - beginning of October will be in the range of 84-87 rubles per dollar and 96-99 rubles per euro, and in October - December 2026 it may fluctuate in the range of 80-85 rubles per dollar and 90-95 rubles per euro with a tendency to strengthen to 79-83 rubles per dollar and 89-93 rubles per euro.
MOSCOW, September 25 – RIA Novosti. The ruble exchange rate in the fall of 2026 will be determined by the policy of the Central Bank, sanctions pressure and oil prices, Mikhail Khachaturyan, associate professor at the Financial University, told the Prime agency.
According to him, the reduction in the key rate will be gradual - in increments of 0.25–1 percentage point. Sanctions pressure may increase, but most likely against Russia’s partners, and not directly, which will limit the impact on the ruble.
“Oil prices will continue to fluctuate in the range of $85–95 per barrel with periods of increase to $95–99,” Khachaturyan said.
What to Watch
AI outlook — possibilities, not facts
The ruble exchange rate at the end of September - beginning of October 2026 will be in the range of 84–87 rubles per dollar and 96–99 rubles per euro.
Possible · Within weeks
In October - December 2026, the ruble exchange rate may fluctuate in the range of 80–85 rubles per dollar and 90–95 rubles per euro, with a tendency to strengthen to 79–83 per dollar and 89–93 per euro.
Possible · Within months
Open Questions
- How much exactly will the Central Bank's key rate decrease by the end of 2026?
- Which partner countries may be subject to enhanced sanctions?
- How will oil prices change if the geopolitical situation worsens?
