Russia’s international reserves increased by $16.26 billion (2.82%) from November 1 to December 1, reaching $592.9 billion. reports Bank of Russia.
Last month, foreign exchange reserves increased by 3.06 percent to 440 billion 475 billion dollars, while the value of monetary gold in reserves increased by 2.15 percent to 151 billion 878 billion dollars.
It is worth noting that in the week before December 1, Russia’s reserves increased by 0.9 percent, or 5.4 billion dollars, to 592.9 billion dollars.
After Western countries imposed sanctions on Russia, they froze more than half of Russian reserves. But it continues to be replenished through export earnings and other transactions.
Sooner or later, Russian assets frozen in the West will have to be returned. believes Deputy Permanent Representative of the Russian Federation to the European Union Kirill Logvinov. The European Commission has repeatedly stated that it is investigating the possible use of the Central Bank of Russia reserves for Ukraine’s needs, but so far there is no legal basis for such actions in the EU. In addition, the legal service of the European Union stated that “no one knows where 86 percent of the frozen assets of the Russian Federation are.”
Previously head of the Russian financial intelligence service reported Putin on preventing the illegal withdrawal of 320 billion euros.