Russia's international reserves fall by $8.4 bln over week to $609.8 bln — Bank of Russia

Business & Economy December 26, 16:57

International reserves, which are highly liquid foreign assets at the disposal of the Bank of Russia and the Russian government, consist of foreign currency funds, special drawing rights, a reserve position in the IMF and monetary gold

MOSCOW, December 26. /TASS/. Russia's international reserves as of December 20, 2024, amounted to $609.8 bln, falling by $8.4 bln in a week, according to the Bank of Russia.

"International reserves at the end of the day on December 20, 2024, amounted to $609.8 bln, having declined by $8.4 bln, or 1.4%, over the week, mainly due to negative revaluation," the regulator said.

As of December 13, the volume of reserves reached $618.2 bln.

International reserves, which are highly liquid foreign assets at the disposal of the Bank of Russia and the Russian government, consist of foreign currency funds, special drawing rights, a reserve position in the IMF and monetary gold. After the start of Russia’s special operation in Ukraine, Western countries imposed sanctions on the Bank of Russia. In addition to freezing the gold and currency reserves of Russia, all operations related to the management of the Central Bank's reserves and assets, as well as operations with any legal entity, organization or body acting on behalf of or at the direction of the Bank of Russia were prohibited.

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