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Russia's international reserves rise by $6.8 bln over week to $569.6 bln

Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian Government

MOSCOW, October 19. /TASS/. Russia’s international reserves as of October 13, 2023 amounted to $569.6 bln, increasing by $6.8 bln over the week, according to the Bank of Russia.

"The volume of international reserves as of October 13 amounted to $569.6 bln, having increased over the week by $6.8 bln, or 1.2%, due to positive revaluation," the regulator said in a statement.

As of October 6, the volume of reserves amounted to $562.8 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.

After Russia launched the special operation in Ukraine, Western countries imposed sanctions against the Bank of Russia. In addition to freezing the gold and foreign exchange reserves of Russia, all transactions related to the management of reserves and assets of the Central Bank, as well as transactions with any legal entity, organization or entity acting on behalf of the Central Bank, were prohibited.

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