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5.2.4 Gross international reserves
Russia’s international reserves edged up by $3.1 bln over the week and totaled $594.3 bln as of March 15, 2024, the Central Bank said.
The Bank of Russia does not spend gold and foreign exchange reserves to maintain the ruble exchange rate, said Central Bank Chairman Elvira Nabiullina.
“No, we do not spend reserves to maintain the course. This, by the way, can be seen from the statistics of gold and foreign exchange reserves,” she said at a press conference following a meeting of the regulator’s board of directors.
5.3 FDI
The corporate exodus from Russia since February 2022 has cost foreign companies more than $107bn in writedowns and lost revenue, Reuters reported citing an analysis of company filings and statements showed.
"The volume of losses have increased by one third since the last tally in August last year, underscoring the scale of the financial hit to the corporate world" after the start of Moscow’s special military operation in Ukraine in February 2022, the agency said.
"Companies still aiming to exit Russia will likely face further difficulties and have to accept greater writedowns and losses," Reuters quoted Ian Massey,
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