The country’s holdings have increased by $5.5 billion since the start of July, according to the central bank Russia’s international reserves reached a record high of $695.5 billion at the end of July, the country’s central bank reported on Thursday. More than $300 billion of that amount remain frozen by Western nations over the Ukraine conflict – an action Moscow has condemned as unlawful. The figure marks the highest level ever recorded, surpassing the previous peak of $690 billion registered