Russia’s international reserves fell by $1.4 billion from February 17 to February 24
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The volume of international reserves of the Russian Federation from February 17 to February 24 decreased by 0.2% or $1.4 billion and amounted to $580.7 billion. Bank of Russia.
From 10 to 17 February, international reserves decreased by 1.2% ($6.9 billion) from $589 billion to $582.1 billion, from February 3 to 10 — by 2% ($12 billion). Prior to this, the Central Bank recorded an increase in reserves for five weeks in a row.
As part of the sanctions, after the outbreak of hostilities in Ukraine, about $ 300 billion of Russia’s gold and foreign exchange reserves were frozen. In 2022, international reserves decreased by 8.4%.
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