Bank of Russia to increase international reserves to $ 500 billion in 3-5 years

Deputy Governor of the Central Bank of Russia, Dmitry Tulin, said that the bank envisaged reaching its target of $500 billion in 3-5 years.

Earlier, the head of the Central Bank of the Russian Federation, Elvira Nabiullina, said that the bank plans to increase its reserves to $500 billion, from a current $356.5 billion.