16:11 GMT +320 November 2018
Listen Live
    This photo taken on May 7, 2013 shows Russian and the US flags running up as the US Secretary of State arrives at Moscow Vnukovo Airport

    Russia’s Monthly Holdings in US Treasury Securities Drops by Over 5%

    © AFP 2018 / MLADEN ANTONOV
    US
    Get short URL
    1190

    WASHINGTON (Sputnik) - Russia’s ownership of US long and short-term securities dropped by $810 million compared to the previous month, Treasury Department data revealed.

    Russia owned $14.097 billion in US securities as of August, a drop of more than 5 percent from July's figure, according to the data released on Tuesday.

    At the beginning of 2018 Russia owned $96.89 billion of US securities, a figure that plummeted by more than 84 percent within 5 months. Russia sold $33.8 billion of US Treasury securities in May and is no longer among the 33 largest US government bonds holders. In April, Russia sold off more than 47 billion of such bonds.

    READ MORE: US Treasury Secretary Sanctioned Russia's Deripaska by Accident — Reports

    China remained the largest holder of US securities, owning more than $1.16 trillion as of August, a less than 1 percent drop from the previous month.

    Related:

    Economy Ministry: Russia Ready to Replace US As Importer to China Amid Trade War
    Russia May Start Using Euro in Trade With European Union - Economy Ministry
    US Treasury Admits Russian Economy Too Large for Iran-Style Sanctions
    Tags:
    government, bonds, securities, US Treasury Department, China, Russia, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik