Russia nears top three among largest forex reserve holders ...News

Russia Today - Economy

The country’s holdings, including those frozen by Western sanctions, have surpassed $540 billion Russia has risen to fourth place among the world’s largest economies in terms of foreign exchange reserves, RIA Novosti calculations published on Saturday show. In the first nine months of the year, Russia’s holdings, including those frozen by the West due to Ukraine-related sanctions, rose to $540 billion, Central Bank data shows. This allowed Russia to displace India, which had occupied fourth place since last summer. India’s holdings as of the end of September amounted to $532 billion. The two countries have been co

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