Russia solving America's debt problem... by dumping US Treasury securities

Russia solving America's debt problem... by dumping US Treasury securities


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Once a top investor with over $170 billion in US Treasury bills, Russia continued reducing its holdings of US debt in May to almost $12 billion, according to recent data published by the US Treasury Department.

Russia’s stockpile of Treasury bills fell by more than $100 million in one month to $12.024 billion, $5.25 bn of which is in long-term securities.

Moscow accelerated dumping US debt last year, when it reduced its holdings by more than 85 percent, from $96.9 billion in January to $13.2 billion in December. The biggest reduction came it April and May, when the country reduced its stockpile by around $81 billion.

The selloff is even more dramatic since 2010, when Russia held US Treasury bonds worth over $170 billion.

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