Back in March, half of Russia's gold and foreign exchange reserves were frozen due to sanctions.
International Russia's reserves as of October 1, 2022 amounted to $540.688 billion. Their volume decreased by 4.41% or by 24.972 billion dollars. compared to early September.
This is reported by the Central Bank of Russia.
According to the message, on September 30, the volume of Russia's international reserves “under the influence of negative revaluation” decreased by 1.6% (by $9 billion). So the reserves of the Russian Federation amounted to 540.7 billion dollars.
It is noted that on February 18, 2022, the volume of Russian reserves reached a historical maximum, namely 643.2 billion dollars, but then began to decline.
In March 2022, Russian Finance Minister Anatoly Siluanov informed that half of the country's gold and foreign exchange reserves ($300 billion out of $640 billion) were frozen due to sanctions.
Russian Economy
< p> The rapid collapse of the Chinese yuan has become a multibillion-dollar loss for the Central Bank of Russia and the National Welfare Fund. This was written by The Moscow Times. It should be noted that the yuan is the last asset in the international reserves of the Russian Federation that did not fall under the sanctions. Indeed, in the first days after the Russian invasion of Ukraine, dollars, euros, pounds sterling, Japanese yen, Australian and Canadian dollars were under sanctions.
In addition, according to Bloomberg, after the announcement of “partial” mobilization in Russia , are experiencing a significant blow to the weakest parts of the state economy.
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