By Emre Gurkan Abay
MOSCOW (AA) – Russia's gold reserves exceeded $200 billion level for the first time in October, while the share of gold in the country's international reserves increased to 32.9%.
However, the country's international reserves fell from $633.7 billion in September to $631.6 billion in October, according to data compiled by Anadolu from the Central Bank of the Russian Federation figures.
The country's gold reserves reached $207.7 billion in October, with gold accounting for 32.9% of the total – the highest level since Jan. 1993.
The share of gold in Russia's reserves had fallen to 2.1% in June 2007.
Western countries had frozen access to about half of the Russian central bank's reserves due to the war in Ukraine.
*Writing by Gokhan Ergocun from Istanbul