- Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian Government
According to TASS, Russia's state-owned news agency article published on November 9, 2022, Russia’s international reserves as of November 1, 2022, amounted to $547.194 bln, which is 1.2% (or $6.506 bln) higher than at the beginning of October, the Bank of Russia said on Wednesday.
As of November 1, 2021, international reserves amounted to $624.237 bln.
Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian Government. They comprise foreign currency, Special Drawing Rights (SDRs), a reserve position in the International Monetary Fund and monetary gold.
Earlier, head of the Bank of Russia, Elvira Nabiullina, said that as a result of Western sanctions, around $300 bln of Russia's gold and foreign exchange reserves were frozen. Following the start of the Russian special operation in Ukraine Western countries 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 Bank of Russia, as well as transactions with any legal entity, organization or body acting on behalf of or on behalf of the Bank of Russia were banned.
