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.

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Russia Foreign Exchange Reserves



Calendar GMT Actual Previous Consensus TEForecast
2023-02-07 01:45 PM Jan $597B $582B $540.0B
2023-03-09 01:00 PM Feb $574.2B $597B $604.0B
2023-04-07 01:00 PM Mar $574.2B $569.0B


Related Last Previous Unit Reference
Interest Rate 7.50 7.50 percent Mar 2023
Interbank Rate 10.39 10.39 percent Mar 2023
Money Supply M1 44921.29 44018.49 RUB Billion Jan 2023
Money Supply M0 15361.20 15435.70 RUB Billion Jan 2023
Money Supply M2 81704.60 82388.00 RUB Billion Jan 2023
Foreign Exchange Reserves 574247.00 597035.00 USD Million Feb 2023
Central Bank Balance Sheet 48479465.00 49295059.00 RUB Million Dec 2022
Loans to Private Sector 39702093.00 39528091.00 RUB Million Dec 2021
Deposit Interest Rate 5.35 5.48 percent Jan 2023
Cash Reserve Ratio 7.00 5.00 percent Mar 2023

Russia Foreign Exchange Reserves
In Russia, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. After the Russian invasion of Ukraine, the Western countries have frozen about USD 300 billion of Russian reserves. Despite the prohibition of using assets, the central bank includes frozen assets in its data.
Actual Previous Highest Lowest Dates Unit Frequency
574247.00 597035.00 630627.00 4532.00 1992 - 2023 USD Million Monthly
Current Prices, NSA