JRL NEWSWATCH: “Russia dumped 84% of its American debt. What that means” – CNN/Matt Egan

Portion of U.S. Treasury Department Building Facade, North Side, with Sculpture of Alexander Hamilton

“… Between March and May, Russia’s holdings of US Treasury bonds plummeted by $81 billion, representing 84% of its total US debt holdings. … Maybe Russia just wanted to diversify its portfolio, as the central bank stated. Or perhaps Russia was seeking revenge for Washington’s crippling sanctions Central Bank of Russia file photoon aluminum maker Rusal. …. Even at Russia’s recent peak of $105.7 billion in November 2017, it only ranked as the 15th biggest foreign holder of U.S. debt. China owns about $1.2 trillion — or roughly 10 times as much as Russia. … Another theory is that Moscow feared further US sanctions that could cause its holdings of US debt to be frozen or even seized. …”U.S. Treasury HH Series Savings Bond file photo

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