Foreign exchange reserves held at the Central Bank of Russia declined by $22.8 billion to $574.2 billion in February of 2023, among one of the steepest monthly declines on record as the country sold foreign currencies to cover its widening budget deficit. Under the new budget plan passed by President Putin at the start of the year, Moscow tapped its foreign currency reserves and sold yuan to offset the drop in foreign currency inflows due to low energy exports. Foreign energy sales from Russia crashed at the start of the year due to the joint EU and G7 oil embargo and the halt of natural gas sales to Europe, in addition to the slump in prices of TTF Gas and Urals oil. source: Central Bank of Russia
Foreign Exchange Reserves in Russia averaged 296039.23 USD Million from 1992 until 2023, reaching an all time high of 630627.00 USD Million in December of 2021 and a record low of 4532.00 USD Million in December of 1992. This page provides - Russia Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Foreign Exchange Reserves in Russia is expected to be 569000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.