MOSCOW, March 30. /TASS/. Russia’s international reserves increased by $8.8 bln over the week and amounted to $594.6 bln as of March 24, 2023, the Bank of Russia said on Thursday.
"The volume of international reserves as of March 24 amounted to $594.6 bln, having increased over the week by $8.8 bln, or 1.5%, under the influence of a positive revaluation," the report said.
As of March 17, the volume of reserves reached $585.8 bln.
Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government. They comprise foreign currency, Special Drawing Rights (SDRs), a reserve position in the International Monetary Fund and monetary gold.
Following the onset of Moscow’s special military operation in Ukraine Western countries slapped sanctions against the Bank of Russia. Apart from freezing Russia’s gold and foreign currency reserves, all transactions related to management of the regulator’s reserves and assets, as well as transactions with any legal entity, organization or body acting on behalf or at the direction of the Bank of Russia, were prohibited.