Source: CCTV Finance
[#Russia’s$300billionforeignexchangereservesarefrozen##Russiaannouncedanincreaseof2734billionrubleThe reserve fund stabilizes the economy#]Since Russia launched military operations against Ukraine, Western countries led by the United States have imposed sanctions on Russia one after another. In order to respond to sanctions and stabilize the economy, the Russian government announced on the 10th that it would increase the reserve fund of the Russian government by 273.4 billion rubles. According to a report on the website of Russian TV Today on the 10th, the foreign exchange reserves of the Russian Central Bank regularly announced on the 8th show that in the week ended April 1, Russia’s foreign exchange reserves increased by 2.1 billion US dollars, with a total of 606.5 billion US dollars.Russia’s foreign exchange reserves are held by the Exchange Fund, the International Monetary FundSpecial Drawing Rightsand gold composition. Affected by the situation in Russia and Ukraine, Western countries imposed sanctions on Russia. Russia’s foreign exchange reserves fell from $643.2 billion on February 18 to $604.4 billion on March 25. Data from the Russian Ministry of Finance showed that sanctions imposed by Western countries were frozen. $300 billion of that.
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