The Central Bank of Russia announced on Thursday that Russia’s international reserves increased by $9.2 billion in one week, reaching $722.5 billion, the highest recorded level in the country’s history.

The Russian central bank stated in a press release: “This increase is due to rising gold prices and a positive revaluation of foreign assets. The growth in reserves reflects the resilience of the Russian economy and its ability to adapt to external pressures. This rise strengthens the stability of the financial system and supports the national currency amid global fluctuations.”