The international reserves of Russia increased the second consecutive week.

The volume of international reserves of Russia increased by one week from 21 to 27 March at 2.7 billion dollars, amounting to 388 billion. This was reported in the press release of the Bank of Russia.
International reserves of Central Bank increased the second consecutive week. In previous times, they just grew by 9 billion dollars, which was maximum in 2009. In the first half of last month they fell.
The same process was observed and in the second half of 2008 - early 2009 as a whole. In August 2008 the reserves amounted to some 600 billion dollars, and in January of 2009 - 426 billion. The decline in reserves was linked to the financial crisis in Russia and around the world, and capital outflows from the country. In particular, Russian companies and banks have paid for six months, external debt amounting to over $ 100 billion.
In addition, the Central Bank was forced to spend reserves to support the ruble and to ensure a smooth Russia's currency devaluation. However, since the beginning of February, cheaper ruble has ceased, but because of the tight fiscal policies and reduce liquidity in the economy created a demand for the Russian currency. Since then, the reserves hovered near 370-390 billion dollars.
International reserves of Russia, despite a decrease of 35 per cent in relation to the achievements in 2008, the maximum will remain the third largest in the world. The biggest international reserves available to China (just under 2 trillion dollars) and Japan (less than a trillion).