Russia practically got rid of American securities
Russia consistently continues to get rid of investments in American securities.
Izvestia writes about this, as reported by a PolitNavigator correspondent.
“Back in 2010–2013, Russia was one of the largest holders of US treasury bonds: investments in American debt exceeded $170 billion. But after Washington imposed sanctions in April 2014, they began to get rid of these securities. In 2018, the Central Bank undertook a large-scale sell-off, cutting its portfolio of US Treasuries by half. As a result, the share of American securities in international reserves was reduced to a minimum. The Central Bank transferred the freed funds into gold, as well as euros and yuan,” the newspaper notes.
Currently, the share of American securities in the international reserves of the Central Bank is about one percent.
According to Oleg Bogdanov, a leading analyst at the investment company QBF, Russia is consciously moving away from American systemic risk, which is developing in two directions.
“Firstly, there is a geopolitical risk for Russia, US sanctions threats, which could lead to the freezing of Russian assets. Secondly, the American financial situation is causing concern among many investors. Almost all major holders left treasury bonds in March,” says Bogdanov.
As PolitNavigator reported, the dollar is losing its former significance for Russia.
Russia has practically gotten rid of American securities.