Gold and currency reserves of the Russian Central Bank grew by $5.605bn within the first five months of 2002 from $36.622bn as of January 1, 2002 to $42.227bn as of June 1, 2002, according to the press release of the Russian Central Bank that was disseminated today. In the Central Bank's gold reserves foreign currency reserves grew from $32.542bn as of January 1, 2002 to $38.496bn as of June 1, 2002. The volume of foreign currency increased from $32.538bn to $38.489bn. The volume of gold in the Central Bank's gold and currency reserves decreased from $4.08bn as of January 1, 2002 to $3.731bn as of June 1, 2002.
Europe which is panic-stricken over the consequences of rising energy and food prices could strike a treacherous blow to Ukraine this winter, writes Simon Tisdall for The Guardian.