Tuesday, January 19, 2021

Moscow continues to dispose US Treasuries

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Russia’s investment in US Treasuries including bills and bonds reached about $ 12 billion in May, its lowest level in 12 years, Russian news channel reported.

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The channel said on its website Wednesday that the US Treasury data indicate that Russia’s investments in US bonds declined in the previous month by more than $ 100 million.

During the past two years, the Russian government has reduced its investments in US government bonds, once a major investor in these bonds. Last year, Moscow cut investments from $ 96.9 billion in January to $ 13.2 billion in December, Investments in 12 months have been reduced by $ 81 billion.

Despite the tumultuous trade war, China remains the largest holder of US Treasuries with an investment of $ 1.11 trillion last May. Beijing, which is the second largest holder of US bonds, raised investments to $ 1.101 trillion, the highest level in almost two years.

Read also: Trade Representative: Russia has all the prerequisites for becoming a major supplier of soybeans to China

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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