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.