A year ago, on January 1, 2025, the Eurasian nation’s international reserves stood at $609.068 billion, the institution specified on Saturday.
International reserves are highly liquid assets held by the Russian central bank and government, including funds denominated in foreign currency, Special Drawing Rights, a reserve position in the International Monetary Fund (IMF), and monetary gold.
Western countries imposed sanctions against the Bank of Russia after Moscow launched a special military operation in Ukraine.
In addition to freezing Russia’s foreign exchange reserves, all transactions related to the management of the central bank’s reserves and assets were prohibited, as were transactions with any legal entity, organization, or body acting on behalf of or for the regulator.
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