The Bank of Russia named the volume of the country’s international reserves

Federal News Agency
Federal News Agency

The volume of Russia’s international reserves as of January 27, 2023 amounted to $597.7 billion. The corresponding figures were announced by the Central Bank of the Russian Federation.

Over the week, this figure showed an increase of 3.1 billion, or 0.5%. The increase was influenced by positive revaluation, the financial regulator explained.

The level of the state’s international reserves has been increasing for three consecutive weeks. On January 13, it was $592 billion, and on January 6, it was $582 billion. The indicator reached a historical record on February 18, 2022 – $643.2 billion.

The Bank of Russia came under sanctions from the European Union after the aggravation of the situation around Ukraine. As a result, almost half of the Central Bank’s gold and foreign exchange reserves were blocked – 300 billion out of 640 billion dollars.


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