Russia’s international reserves fell to $565 billion in August
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As of September 1, Russia’s international reserves decreased by 1.95% in monthly terms – to $ 565.66 billion, should from the materials of the Bank of Russia.
Thus, the decrease in the indicator in August amounted to more than $11.2 billion.
As of August 26, 2022, the reserves amounted to $566.8 billion, having decreased by $7.2 billion over the week. Since the beginning of the year, the reduction in the country’s international reserves amounted to almost $65 billion, or 10.3%.
Due to Russia’s special operation in Ukraine, Western countries have frozen the reserves of the Russian Central Bank. In the European Union, assets worth $24.5 billion (23 billion euros) were frozen, which accounted for approximately 10% of the total number of international assets of the Russian Federation, said EU Commissioner for Justice Didier Reynders. In addition, he said, in the United States there are international reserves of the Russian Federation in the amount of $100 billion.
International reserves are at the disposal of the Central Bank and the Russian government, they are highly liquid assets. International reserves are made up of foreign currency assets, monetary gold, as well as special drawing rights, a reserve position in the IMF and other reserve assets.
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