Russia international reserves fall 3.61 percent in June
Russia's international reserves fell 3.61 percent during June to stand at $688.7 billion as of July 1.
Topic cluster
declining
2 sources grouped by AFBytes in Economy
AFBytes briefing
Reserve levels affect Russia's ability to manage currency stability and import payments under sanctions.
Key entities
- Bank
- Central
- Central Bank. As
- June
- Russia
What to watch next
- Monitor the next monthly reserve release from the Central Bank of Russia for trend confirmation.
- Monitor the next weekly reserve release from the Central Bank of Russia for signs of stabilization.
Russia reserves fall 28.6 billion dollars in one week
Russia's foreign reserves declined sharply over a single week. The drop reflects ongoing pressures on the country's external accounts.