MOSCOW, June 5 The Ministry of Finance of the Russian Federation in June will continue purchasing foreign currency and gold according to the budget rule, from June 7 to July 4 will allocate 71, 1 billion rubles, 3.7 billion rubles per day, according to materials on the ministry’s website.
«The expected volume of additional oil and gas revenues of the federal budget is projected in June 2024 to be 140.7 billion rubles. The total deviation of the actual oil and gas revenues received from the expected monthly volume of oil and gas revenues and the estimate of the base monthly volume of oil and gas revenues from the base monthly volume of oil and gas revenues based on the results of May 2024 amounted to -69.6 billion rubles,» the report says.
“Thus, the total volume of funds allocated for the purchase of foreign currency and gold is 71.1 billion rubles. Operations will be carried out from June 7, 2024 to July 4, 2024, respectively, the daily volume of purchases of foreign currency and gold will be the equivalent of 3.7 billion rubles,” the Ministry of Finance reports.
In the previous period — from May 8 to June 6 — the Ministry of Finance also purchases foreign currency, allocating 5.55 billion rubles per day for this (110.94 billion rubles in total). 
< br />According to the current budget rule, the Ministry of Finance sends additional budget revenues from oil and gas exports to the National Welfare Fund. At the same time, the Russian authorities abandoned the currencies of unfriendly countries in the structure of the fund, so to replenish it, the Ministry of Finance can only buy yuan and gold.
Market operations in the interests of the Ministry of Finance are carried out by the Central Bank. At the same time, from August 10 to the end of 2023, in order to reduce the volatility of financial markets, the regulator did not transmit purchases of the Ministry of Finance to the domestic foreign exchange market, and from January 2024 resumed operations, taking into account those postponed in 2023: the Central Bank adds the sale of foreign currency to the volumes announced by the Ministry of Finance in the first half of the year by 11.8 billion rubles per day.