The international reserves of the Russian Federation decreased by $7.4 billion over the week and amounted to $586.6 billion as of August 4, 2023, according to the materials of the Bank of Russia.
“The volume of international reserves as of August 4 amounted to $586.6 billion, having decreased by $7.4 billion, or 1.2% over the week, due to negative revaluation, as well as operations carried out under the fiscal rule,” the report says. regulator.
As of July 28, the volume of reserves was $594 billion.
International reserves, which are highly liquid foreign assets held by the Bank of Russia and the government of the Russian Federation, consist of foreign currency funds, special drawing rights, a reserve position in the IMF, and monetary gold.
Western countries after the start of the Russian special operation in Ukraine imposed sanctions against the Bank of Russia. In addition to freezing the gold and foreign exchange reserves of the Russian Federation, all transactions related to the management of reserves and assets of the Central Bank, as well as transactions with any legal entity, organization or body acting on behalf of or on behalf of the regulator, were banned.
Source: Rosbalt
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