As indicated on the regulator's website, Russia's international reserves as of December 4 amounted to $ 587.7 billion.

"The volume of international reserves as of December 4 amounted to $ 587.7 billion, having increased by $ 4.5 billion over the week," the statement said.

It is noted that the increase in reserves was mainly driven by positive exchange rate revaluation and an increase in gold prices.

Earlier it was reported that the Central Bank predicts a decline in the Russian economy closer to 4% by the end of the year.