Before the start of the war, the amount of Russian reserves reached a historical maximum of $643.2 billion, and in early October it fell to $540.688 billion.
Russia’s international reserves at the beginning of October reached $540.688 billion. Over the month, their volume decreased by 4.41%, or by $24.972 billion, according to the Central Bank of Russia.
It was noted that as of September 30, the amount of international reserves “under the influence of negative revaluation” decreased by 1.6% (by $9 billion) and reached $540.7 billion.
On February 18, the amount of reserves reached a peak of $643.2 billion, and then began to decline.
In March, Russian Finance Minister Anatoly Siluanov announced that half of Russia’s gold and foreign exchange reserves ($300 billion out of $640 billion) were frozen due to sanctions.
It was previously reported that the first three months of the war against Ukraine set the Russian economy back four years.
The reserves of the Central Bank of the Russian Federation are in the “trap” of China – media
News from Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.