Russia’s international reserves increased

According to the Central Bank of the Russian Federation, the volume of Russia’s international reserves increased by more than 3 billion rubles.

The volume of international reserves as of January 27: 597.7 billion dollars. This means that the indicator rose by $3.1 billion over the week “under the influence of a positive revaluation,” the correspondent reports. DOPs with reference to data on the website of the Bank of Russia.

According to published tableon January 20, the figure was at the level of 594.6 billion, and on January 13, the figure was reported at 592.0 billion. This clearly shows the increase in the volume of international reserves.

Bank of Russia thinksthat the domestic economy quickly adapted to a sharp change in external conditions, and this happened thanks to the stable operation of the financial system, the rapid reorientation of supplies and logistics, and support measures from the Central Bank and the Cabinet.

“Economic activity increased slightly at the end of the year, but in general, according to the results of the fourth quarter, it remained at the level of the third quarter,” they added.

Also, the regulator informedthat public consultations on the Monetary Policy Review will start in March.

A cycle of meetings with experts and consultations with representatives of public organizations, business, the academic community and authorities will be held in March-June this year.