Image by National Numismatic Collection at the Smithsonian Institution
The Russian government has sold off the vast majority of its holdings of US Treasury securities for reasons that remain mysterious, in a dramatic move that experts are calling unprecedented.
A US Treasury report released on July 18 shows that Russian holdings of Treasury securities declined by 84 per cent between March and May, down to just $14.9 billion from March holdings of $96.1 billion.
Analysis: While America Piles Up Debt, Russia Hoards Gold
The report was issued quietly amid the controversy surrounding President Donald Trump’s July 16 meeting with Russian President Vladimir Putin in Helsinki, dropping Russia from the list of major Treasuries holders without comment…
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