The United States has imposed several rounds of
sanctions against Russia since its annexation of Crimea from
Ukraine in 2014, including for interfering in the 2016 U.S.
presidential election. Moscow denies the U.S. accusation of
interference.
The Russian central bank has said that it would consider
economic, financial and geopolitical risks when assessing the
country's reserves.
"We have tried to bring this (reserves) structure into
accordance with the risks we believe we may face," Yudayeva told
members of lower house of parliament, presenting the central
bank's results for 2018.
"This is why we significantly lowered the share of the dollar,"
she said, adding that Russia had increased the share of euro,
Chinese yuan and gold in its state reserves.
Last month the central bank said that dollars made up 22.6
percent of its foreign currency reserves at the end of September
2018, down from 46.2 percent a year earlier.
The bank, which reports changes in reserves with a delay of six
months, said Chinese yuan accounted for 14.4 percent of its
foreign currency reserves as of Sept. 30, 2018, up from 1.0
percent on Sept. 30, 2017.
(Reporting by Andrey Ostroukh, writing Gabrielle Tétrault-Farber;
Editing by Gareth Jones)
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