Russia’s frozen foreign reserves ----------------------------------------- The Central Bank of Russia has about $640 billion in international reserves, but more than $350bn is in offshore accounts. Sanctions imposed against the CBR render most of its resources useless ----------------------------------------- Holders of CBR gold and foreign currency (Jun 30, 2021) Gold Held in Russia 21.7% China 13.8% France 12.2% Japan 10.0% Germany 9.5% U.S. 6.6% International institutions 5.0% UK 4.5% Austria 3.0% Canada 2.8% Others 10.9% Reserves by currency Other $64.3bn 10.0% Euros $207.7bn 32.3% Gold $139.5bn 21.7% U.S. dollars $105.5bn 16.4% Yuan $84.2bn 13.8% Pounds sterling $41.8bn 6.5% $643 billion ----------------------------------------- Sources: Joeri Schasfoort, University of Groningen, Fortune Picture: Getty Images © GRAPHIC NEWS