Russian rouble climbs to over 2week high vs dollar
Move comes after Putin reimposes currency controls
Rouble had slumped to over 18month low this week
Analysts expect rouble to firm more in coming weeks

Oct 12 Reuters Russia39;s rouble leapt against the U.S. dollar on Thursday after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to buttress the currency.

The rouble collapsed to a record low in the weeks after Russia invaded Ukraine last year, before Moscow imposed similar capital controls that saw it recover to a sevenyear high.

But the currency has charted a steadily downward course this year, under pressure from capital outflows, falling exports and recovering imports.

Today, the rouble will strengthen … even by the end of the year we will see the rouble at 8892 per dollar, said Yevgeny Kogan, professor at Russia39;s Higher School of Economics.

By 1150 GMT, the rouble was 3.2 stronger against the dollar at 97.00, after earlier reaching 96.4550, its strongest since Sept. 27.

Kogan warned, however, that by 20252026 businesses would form plans based on a rouble rate of 100105.

The rouble gained 3.4 to 102.95 versus the euro and 3.1 against the yuan to 13.29.

The CEO of Russia39;s largest lender Sberbank German Gref said he expected the rouble to strengthen to around 90 to the dollar.

If the parameters of our export goods remain the same … some more strengthening is possible, the TASS news agency…