Russia’s holdings of United States Treasury bonds is currently at its lowest point in 11 years as the country opts to invest in gold instead.
By Jay Syrmopoulos | 22 July 2018
THE FREE THOUGHT PROJECT — The Russian government has drastically reduced their holdings of United States Treasury bonds, with Russian ownership of U.S. bonds declining from $96.1 billion in March to $48.7 billion in April—and then further reducing their holdings to just $14.9 billion in May; an 11-year low.
A gradual Russian sell-off of U.S. sovereign debt began in 2011 and has intensified over the years as Washington has continued to impose sanctions against Russia. To put the massive sell-off into perspective, in 2010, Russia was among the top 10 holders of US Treasuries at $176.3 billion.
The Treasury released a list of 33 countries on Tuesday, which included the biggest holder, China, which held $1.2 trillion of US debt in May. Russia was not on the list, as there is a $30 billion threshold for inclusion on the Treasury Department’s monthly report of major sovereign debt holders. […]
Great news, Russian Life made their kick starter goal overnight! As a donor of triple digits I’ll be getting some personalized art from a Yekaterinburg local artist. Hope it turns out well for them.