Experts: Fishing and fish farming are the most resistant to the potential strengthening of the ruble industries

Analysts from the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF) have calculated the break-even rate for systemically important sectors of the Russian economy. This indicator determines the estimated level of the dollar exchange rate against the ruble, below which the industry begins to incur losses.

Among the industries that have shown the greatest resistance to the potential strengthening of the exchange rate, experts singled out fishing and fish farming. Here, the expediency of exports remains even with the strengthening of the national currency to 16 rubles per dollar. The fishing industry has developed the most effective balance between foreign exchange earnings and how it is spent within the country.

The marginality of export operations of the fishing industry makes it the most stable among all other sectors of the economy to the strengthening of the ruble exchange rate and attractive for investment.

At the same time, sectoral investments, usually associated with imports (equipment, spare parts, etc.), remain dependent on the volatility of the national currency. But, as shown by the study of the FSA on key financial indicators, sufficient financial stability has been formed in the industry.