Russia's economy is still raking it in, but many billions of dollars are stranded overseas

• Russia's foreign financial assets rose $44.6 billion in the first seven months of 2024.
• Western sanctions and complex international settlements are delaying Russia's foreign payments.
• Pressure from sweeping Western sanctions is mounting, making trade settlements more problematic for Russia.

Russia's economy and trade have appeared resilient despite sweeping Western sanctions over its invasion of Ukraine.

However, it looks like Russia hasn't been able to repatriate a lot of money back home. Foreign financial assets — including accounts receivables — increased nearly $45 billion in the first seven months of this year., according to a Tuesday report from the Central Bank of Russia.