Page 64 - RusRPTFeb24

imposed on Russia following the full-scale invasion. It’s possible that Europe could introduce a similar set of measures.
Russia’s international reserves edged up by $6.24bn or by 1.05% and amounted to $598.592bn as of January 1, 2024, the Central Bank said on January 15.
International reserves stood at $581.989bn as of January 1 of the last year.
Currency reserves gained 0.51% to $442.734bn. Monetary gold moved up by 2.62% in reserves over the month and amounted to $155.858bn.
Russian 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.
Non-resident capital outflows partially ate up the large current account surplus and resident inflows in Q1 2022-Q3 2023. But Russian banks and corporates were able to acquire $187bn in assets abroad, which need to be kept out of reach.
64 RUSSIA Country Report February 2024 www.intellinews.com