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Russia's international reserves rise by $3.6 bln over week to $573.2 bln

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

MOSCOW, October 26. /TASS/. Russia’s international reserves reached $573.2 bln as of October 20, 2023, increasing by $3.6 bln over the week, the Bank of Russia reported.

"The volume of international reserves as of October 20 amounted to $573.2 bln, having increased over the week by $3.6 bln, or 0.6%, due to a positive revaluation," the regulator said in a statement.

As of October 13, the volume of reserves amounted to $569.6 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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