Belarus' gold and foreign exchange reserves fell by $373.7 million in October to $14.26 billion in early November 2026, according to the Eurasian Development Bank's weekly macro review.
At the same time, the reserve assets in foreign currency continued to grow, increasing in October by 89.1 million dollars. Since the beginning of the year, the volume has increased by 540.1 million dollars.
The review also notes an increase in oil and gas revenues of the Russian federal budget by 9.3% in October - to 971 billion rubles, reaching the maximum since April 2025.
Analysts point out that the main factor was a 67.2% increase in revenues from mineral extraction taxes against the backdrop of high oil export prices.