MOSCOW, February 6. /TASS/. Ruble strengthening in December 2024 and January 2025 took place amid adaptation of market players after November sanction and growth in currency revenue sales by exporters, the Bank of Russia said in its financial risks review.
"Ruble strengthening took place amid adaptation of market players to a new structure of payments under foreign trade transactions after volatility caused by next sanctions imposed on credit institutions in November. Furthermore, the top exporters scaled up currency revenues in December," the regulator said.
"The largest exporters boosted currency revenue sales in December: their volume stood at $13.2 bln against the 2024 average indicator of $11.9 bln," the Central Bank noted.