International reserves of the Russian Federation amounted to 585.448 billion dollars as of February 1, 2024; this is $13.144 billion (2.2%) lower than at the beginning of January. This was reported by TASS With reference to the Central Bank of the Russian Federation.
As of February 1 last year, Russia’s international reserves were $597.035 billion.
Before reportedIt was stated that Russia’s international reserves increased by 1.1 billion dollars compared to the week and reached 587.8 billion dollars as of January 26. According to the report, growth was driven by positive revaluation of assets. Its impact exceeded the Central Bank’s volume of operations for the sale of foreign currency within the framework of the fiscal rule.
Financial Times at the beginning of February Wrote The stability of the Russian economy under Western sanctions turned out to be surprising for many foreign economists. According to the publication, the first round of Western restrictions threatened Russia with a catastrophic decline, but the country’s economy benefited only in a high-income environment, the abandonment of energy supplies and defense spending to accelerate economic growth tendency to increase.
Previously recognizedIt was claimed that Russian banks circumvented the ban on buying dollars by selling gold.