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Russia's international reserves fall by $3.1 bln over week to $593.1 bln — Bank of Russia

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

MOSCOW, June 27. /TASS/. Russia’s international reserves as of June 21, 2024, amounted to $593.1 bln, having decreased by $3.1 bln over the week, according to the Bank of Russia.

"International reserves as of the end of the day on June 21, 2024, amounted to $593.1 bln, having decreased by $3.1 bln over the week, or 0.5%, due to negative revaluation and transactions with funds from the National Welfare Fund," the regulator said.

As of June 14, the volume of reserves amounted to $596.2 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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