If Central Bank of Russia devalues the ruble exchange rate, it will impact to increase stock market indexes. What are causes? This is a growth of world oil consumption. Man-made causes - the decisions of the authorities: no hamper of high inflation of consumer commodities (at least 30%); about increase tariffs for transportation and public utilities. Benefits of the authorities and business are obvious: disappear risk defaults, early repayment of debt and an increase of collateral securities, when market prices are rising; grows market value of shares to privatization. Double-digit interest rates (dividend, coupons) - this environment international investment banks from developed countries for emerging market. What forecast? Stagnation of the economy, reducing trade surplus - because capital inflows will in industries related to oil, retail trades (see news feeds). The problem with high inflation will not be solved, it is a most advantageous for government.