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Russia’s international reserve assets go down to $ 493 billion on March 7-14

As of January 1, 2014, the Russian gold and foreign exchange reserves amounted to $509.6 billion

Russia’s gold and foreign exchange reserves went down by $1.4 billion over a week ITAR-TASS/Boris Kavashkin

Russia’s gold and foreign exchange reserves went down by $1.4 billion over a week

© ITAR-TASS/Boris Kavashkin

MOSCOW, March 20. /ITAR-TASS/. Russia’s gold and foreign exchange reserves (or the national reserve assets) went down by $1.4 billion over a week from March 7 through March 14, 2014, to stand at $493.2 billion, the External and Public Relations Department of the Central Bank said on Thursday.

Over the preceding week (March 1 - March 7, 2014), the national reserves went up by $1.3 billion, and amounted to $494.6 billion.

Foreign exchange and gold reserves are highly liquid foreign assets at the disposal of the Bank of Russia and the Russian government on a certain date. They comprise monetary gold, Special Drawing Rights, reserves with the International Monetary Fund, and foreign currency. Foreign exchange and gold reserves are external assets controlled by the monetary authorities and may be used for financing balance-of-payments deficits, for interventions in currency markets affecting the national currency's rates or for similar purposes.

As of January 1, 2014, the Russian gold and foreign exchange reserves amounted to $509.6 billion.

Russia to donate 1 million euro to UN Climate Convention

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Former Austrian minister names 4 suspect countries in connection with Nord Stream sabotage

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West plans to destabilize situation in Serbia — Foreign Ministry Spokeswoman

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Pentagon has nothing to announce on possible talks between Russia, US defense chiefs

Belousov and Austin had a phone call on July 12

Russia’s 2,000th R-7 rocket delivers Resurs-P remote sensing satellite into orbit

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Russia 10 years ahead of whole world with research into 4th generation nuclear power

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Kremlin admits legal action over transfer of $1 bln from Russian assets to Ukraine

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Annual inflation in Russia gearing up to 9.7% over week — Economy Ministry

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Russia says Su-35S fighter jets provide cover to Aerospace Forces in Kursk Region

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Azerbaijan Airlines plane made 2 circles near Kazakh airport before crashing — official

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Rescuers evacuate 510 people due to fire at Haval plant in Tula Region

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Plane crash in Kazakhstan claims 38 lives

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Former Austrian minister believes EU ignored message Russia sent with Oreshnik missile

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Oboronlogistics company blames loss of its ship Ursa Major on terrorist attack

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