Russian International Reserves Returned to Early 2014 Levels of $387Bln

Russian President Vladimir Putin said that the reserves of the Central Bank, or the so-called international reserves of the state, returned to the levels of early 2014, or even more.

MOSCOW (Sputnik) — The Russian international reserves have reutned to the levels of early 2014 and now stand at $387 billion, President Vladimir Putin said Thursday.

"The reserves of the Central Bank, or the so-called international reserves of the state, returned to the levels of early 2014, or even more. They stood at $285.5 billion, now they are $387 billion," Putin said during his traditional Q&A session.

The president reminded that Russia had two reserve funds — the Reserve Fund and the National Wealth Fund.

"If we spend them [Russia's reserve funds] the way we did, for example, last year, and if we did not add to them or did anything else, they could last us at least four years," Putin added.