This was reported on the regulator's website.
The Central Bank explained that the reserves increased "as a result of transactions for the purchase of foreign currency within the framework of the budgetary rule, as well as a positive revaluation."
Earlier, Lazar Badalov, Associate Professor at the Department of World Finance at the Financial University under the Government of Russia, in an interview with Newinform, assessed the prospects of the Russian banking sector in 2021.