Russia cuts investments in US government securities
In July, Russia reduced investments in US government securities to $8.5 billion, reports the US Department of the Treasury. $6.239 billion is accounted for long-term bonds and the remaining $2.262 billion for short-term treasury bills.
Russia has been reducing its investments in US government securities for the fifth month in a row. The last time their volume increased in February. By the end of June, Russia's investments in US government securities amounted to $10.848 billion. In July, it decreased by 21.6%.
At the same time, the volume of investments in long-term securities in July increased by almost $1 billion ($5,296 billion in June) and decreased in short-term ($5,552 billion before).
Russia began actively disposing of US bond in the spring of 2018. At the beginning of last year, its investments in US bonds amounted to more than $90 billion.