Russia’s central bank said its foreign-currency and gold reserves plunged by $38.8 billion since peaking in February, giving the first glimpse into its holdings since the invasion of Ukraine.
The stockpile shrank to $604.4 billion as of March 25, the lowest level since last August, according to a statement Thursday. The central bank has provided no updates since its weekly report on Feb. 18, when international reserves peaked at a record $643.2 billion, and previously said it won’t release new figures for three months.
