Russia's international reserves rebound $6.5 billion to $721.7 billion

The weekly gain follows a sharp $26.9 billion drawdown in June, signaling a stabilization in the Central Bank's foreign currency holdings amid ongoing geopolitical pressures.

By Handelsavisen Newsroom · Automated 2026-07-09 13:22 UTC · 1 min read

Russia’s international reserves rose by $6.5 billion in the week ending July 3, reaching $721.7 billion, according to data published by the Central Bank of Russia.

The increase marks a reversal of the significant depletion seen earlier in the quarter, with reserves standing at $715.2 billion as of June 26.

9 billion, a 3.61% decline that brought total holdings to $720.

The weekly uptick provides a counterpoint to the broader monthly trend.

In June, Russia’s reserves fell by $26.9 billion, a 3.61% decline that brought total holdings to $720.4 billion as of July 1.

The recent weekly data suggests that the pace of outflows has moderated, or that inflows from commodity exports and other sources have temporarily outweighed spending on imports and debt servicing.

This stabilization is notable given the persistent pressure on Russia’s external accounts.