Russian gold, forex reserves climb 3.57% in May

Russia's gold and foreign currency reserves increased by 3.57%, by $2.95 billion, in May, to $85.61 billion from $82.66 billion, the Central Bank of Russia reported.

Reserves increased by $8.67 billion, or 11.27%, in January-May, from $73.17 billion. The Central Bank was in May able to almost entirely (80%) cover the $3.65 billion drop in reserves that occurred in March and April.