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De Russische roebelcrisis: wie baalt en wie profiteert?

Foto AP

De Russische roebel daalt in waarde en het einde lijkt nog niet in zicht. Maar niet iedereen is daar ongelukkig mee.

If you happen to produce widgets in Russia and sell them in foreign currency, your time has come.

Konstantin Babkin, president of a company that produces tractors, is convinced that the ruble should have been devalued long ago. “An excessively strong ruble already killed our airplane construction, food and light manufacturing industries,” he says.

Some economists agree that the previous exchange rate of 33 to 35 rubles per dollar was bad for exports. “The disparity between the ‘real’ exchange rate and the official rate is unprecedented, and it is a real barrier for exporters of high-tech products,” one observer said in the middle of November. Now the ruble is trading at more than 45 per dollar.

And the exporters are happy. “In the end, our exports have grown by 27% this year,” Babkin says. His company exports tractors to Poland, Hungary and Romania, although exports comprise only about 20% of the company’s sales. This year, the company sold its first products in Germany.

Read the full article: Winners And Losers In Russia’s Currency Crisis
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