(Adds details, context) MOSCOW, June 20 (Reuters) - Russia's central bank, which is seeking to its international reserves, posted an increase in gold reserves in May, the fifth consecutive month of gains. The central bank, one of the world's largest holders of bullion, has been regularly buying gold as it wrestles with weaker oil prices and Western sanctions imposed over Moscow's role in the Ukraine crisis. Russia's gold reserves rose to 54.9 million troy ounces by early June from 54.2 million ounces as of May 1, the central bank said on Tuesday. The value of its holdings rose to $69.30 billion from $68.65 billion as of May 1. Russia's central bank, which usually buys locally produced gold from Russian banks, has been one of the leading national buyers of gold in recent years, along with China. (Reporting by Polina Devitt; editing by Jeremy Gaunt)
Our Standards: The Thomson Reuters Trust Principles.