According to the Ministry of Finance, from June 7 to July 5 for the currency intervention will be spent 379.7 billion rubles. The daily volume of purchases in this period will be equivalent to 19 billion rubles. The scale of the sale of the ruble will increase by 20% compared with the previous month and 42% compared with April. The total amount of transactions will be a record for all 18 months of interventions. At that time, volumes were a record three consecutive months. In December 2017, they amounted to 203.9 billion rubles (12.7 billion rubles a day), in January - 257.1 billion rubles (15.1 billion rubles each). According to analysts, the purchase of currency will be spent 1.5 times more, compared with the average monthly expenditure on national defense (246 billion rubles). At first glance, the reason for such a significant amount of currency buying is clear, it is explained by the current budgetary rule, according to which all foreign exchange earnings from oil sales at a price above $ 40 per barrel should be bought up in the reserves of the Ministry of Finance. At this stage, for a number of reasons, oil prices are at a fairly high level, which means that the amount of currency buying will also remain record. All attempts to amend the budget rule and increase the "cut-off price" are categorically rejected by the government.

The result of one and a half years of such a policy is the constant pressure on the ruble exchange rate, the relative stability of which is maintained only thanks to a high inflow of petrodollars. Any reduction in this inflow inevitably causes a devaluation effect. There is no doubt that there is nothing positive for the exchange rate of the national currency in currency interventions, but they are necessary to ensure the interests of the state, "explained the head of the analytical department of the Grand Capital Sergey Kozlovsky. - It is worth noting that the increase in the purchase of foreign currency occurs against the background of the stabilization of the oil market, which partially neutralizes the negative effect of the ". It is likely that the currency on such a huge scale is bought to form a "safety cushion" in the event of emergencies, for example, the conduct of new, more stringent sanctions against the state and corporations. Judging by the latest developments around the businesses of Deripaska and Vekselberg, this assumption is not far from the truth. However, do not forget that the reverse side of currency interventions is the devaluation of the national currency.

Today its rates are not so high solely for one reason only: oil prices are extremely high and continue to grow. "Ruble can keep from falling only the growth of oil prices, constant growth," - says analyst of FC Kalita-Finance Dmitry Golubovsky. So long as this condition is met, what actually guarantees ruble relative stability. However, it is by no means a fact that this will continue indefinitely. Further prospects for oil are completely uncertain, as does the ruble.