The decision of the Ministry of Finance to resume the acquisition of foreign currency may put serious pressure on the ruble. So says the leading analyst "Discovery Broker" Andrei Kochetkov. The situation will not be saved even by the fact that the agency will not buy dollars and euros from the open market, but from the Central Bank of the Russian Federation. "The Central Bank takes the currency from its reserves and sells it directly to the Ministry of Finance, which in return transfers ruble funds to securities accounts. ... It can be said that money is being transferred from one pocket to another, but in fact the Ministry of Finance performs its task and accumulates reserves within the framework of the budget rule, ”explained the analyst to Free Press.. However, the Central Bank also needs foreign currency savings in order to ensure export-import operations, while sales to the Ministry of Finance will significantly lower them.. Accordingly, the Central Bank will enter the free market, the demand for foreign currency will rise, and the ruble will fall under such pressure. However, the Ministry of Finance, according to Professor of the Department of Finance, Money Circulation and Credit, of the Faculty of Finance and Banking of the RANEPA Yuri Yudenkov, is too in a hurry to purchase currency, especially in such large volumes. Should at least wait for the US decision on new sanctions against the Russian Federation. "If the US Congress decides to block the accounts of our banks in America, it is not clear why we should buy currency at all.. Even if they buy not dollars, but euros, all the same, in such a situation, a balanced policy should be pursued.

Circumstances have changed and, in my opinion, it is necessary to change our program of action ", the professor is convinced. However, the Ministry of Finance "continues the previous course without regard to circumstances," regrets Yudenkov. This will lead to a drop in the ruble exchange rate - up to 70 rubles.. per dollar at best. Earlier, the Ministry of Finance announced that it will spend 525 billion. rubles for the purchase of foreign currency in the period from November 8 to December 6. This is a record spending department for the purchase of currency.