Russia Gives First Peek Into Currency Reserves Since War Started
- Holdings fell to $604.4 billion in sharp decline from February
- Central bank renewed reports on weekly changes after pause
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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.