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Russia’s international reserves down $7.6 bln in one week to $568 bln — Central Bank

As of September 22, the country’s international reserves amounted to $576 bln

MOSCOW, October 5. /TASS/. Russia’s international reserves amounted to $568.4 bln as of September 29, 2023, a decrease by $7.6 bln compared with the previous week, the Central Bank reported.

"International reserves amounted to $568.4 bln as of September 29, down by $7.6 bln, or by 1.3%, in one week mainly as a result of negative revaluation," the regulator said.

As of September 22, the country’s international reserves amounted to $576 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 Central Bank, were prohibited.

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Anti-Russian sanctions

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Russia’s launch of new missile illustrated assured retaliation capability, lawmaker says

Andrey Kartapolov also noted that the enemy currently has no defenses against the Oreshnik.

Russia’s Medvedev warns Europe could face 'catastrophic damage' from Oreshnik missile

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