Russian gold and forex reserves smash historic high

of February 18

Moscow is boosting its international holdings as a hedge against sanctions risk.

Russia’s gold and foreign currency holdings have reached an all-time high of $643.2 billion as of February 18, according to the latest data published by the country’s central bank on Thursday. Reserves have surged $3.6 billion from the previous week, the regulator said, noting that the 0.6% rise was due to a positive market revaluation.

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