Yes, in line with what I meant. From the article:

"The reserves — worth $630bn, as of the end of January — are made up of assets and deposits denominated in the world’s major currencies (that is, the dollar, euro, sterling and the yuan). As well as almost 2,300 tonnes of gold..."

"The sanctions imposed by the US, EU and UK against the central bank are likely to render a lot, if not quite all, of these reserves useless..."