Russia's International Reserves Rise to $678.5 Billion

The Central Bank of Russia announced on Friday that the country's international reserves increased by 1.6% in May, reaching $678.5 billion, a gain of $11 billion over the month.اضافة اعلان

Key Drivers of Growth:
The rise was attributed to a positive revaluation of foreign assets, reflecting favorable market conditions.

Despite ongoing geopolitical challenges and financial sector pressures, the data signals a degree of economic stability in Russia.

Russia’s international reserves include foreign currencies, Special Drawing Rights (SDRs), reserve positions in the IMF, and gold holdings. The latest increase reinforces the country's efforts to maintain macroeconomic stability amid Western sanctions and global economic shifts.