Russia dumps US debt, reducing holdings to lowest level in a year

ArticleDebt crisis April 18, 2018 - 6:14:07 AM

The Central Bank of Russia has sold $3.1 billion in US Treasury bills as of February, reducing its investment in American debt to the lowest level since March last year.

Moscow still occupies the 16th position among the largest holders of US government bonds. Russia has cut its holdings for the third consecutive month.

Russian Finance Minister Anton Siluanov said in February that Russia is not sticking to American debt and can replace it if it finds an adequate substitution elsewhere. “We are ready to invest in the securities issued by other sovereign states, the main thing is that they should be low-risk and accordingly bring income,” Siluanov said at the time...

Source:RT.com

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