Russia's International Reserves Rise to $722.9 Billion Amid Sanctions
Quick Look
- Russia's international reserves increased by $0.5 billion to $722.9 billion as of July 17, 2026, according to Central Bank data.
- This slight rise occurs despite Western sanctions imposed on the Bank of Russia following the special military operation in Ukraine.
AI-generated summary
Why It Matters
Russia's international reserves saw a slight increase to $722.9 billion as of July 17, 2026, despite ongoing Western sanctions against the Bank of Russia, which froze some reserves and prohibited related transactions.
MOSCOW, July 23. /TASS/. Russia's international reserves stood at $722.9 billion as of July 17, 2026, up $0.5 billion over the week, Central Bank data showed on Thursday.
As of July 10, the reserves amounted to $722.4 billion.
Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government. They comprise foreign currency, Special Drawing Rights (SDRs), a reserve position in the International Monetary Fund and monetary gold. Following the onset of Moscow’s special military operation in Ukraine Western countries slapped sanctions against the Bank of Russia. Apart from freezing Russia’s gold and foreign currency reserves, all transactions related to management of the regulator’s reserves and assets, as well as transactions with any legal entity, organization or body acting on behalf or at the direction of the Central Bank, were prohibited.
Open Questions
- How do sanctions specifically impact the composition of these reserves?
- What is the long-term trend of these reserves under sanctions?
