International Reserves in Russia

Russia International Reserves | Economic News & Forecasts

Russia - International Reserves

A second estimate of GDP confirmed that the Russian economy regained some steam in the first quarter, although growth was still moderate overall. Turnarounds in the manufacturing and mining sectors boosted activity amid firmer commodity prices and solid demand. The recovery is expected to have broadly kept pace in the second quarter, supported by a healthy labor market and solid exports, while sanctions-related uncertainty is likely to have impacted investment. The unemployment rate inched down to a multi-year low in May, and the Ural oil price rose to the highest level since October 2014 in June. On 22 June, Russia and OPEC members agreed to raise oil production, a move that should bode well for Russia’s oil revenues going forward. Despite higher production, oil prices are expected to remain firm due to falling production in Venezuela and negative spillovers from the U.S. sanctions on Iran. Meanwhile, on 14 June, the government announced an upcoming increase in the VAT and a gradual raise in the retirement age, to keep government finances on a sustainable path.

Russia - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)511  385  368  378  433  

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Russia International Reserves Chart

Russia International Reserves
Note: International reserves in months of imports.
Source: Central Bank of the Russian Federation (CBR).

Russia Facts

Bond Yield7.510.13 %Jul 13
Exchange Rate62.21-0.12 %Jul 13
Stock Market2,346-1.03 %Jul 13

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