Russia ceased to give America in debt

18 July 2018, 11:14 | Economy
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Russia has reduced to a minimum the investments in the national debt of the USA. Now at the disposal of our country there are American government bonds for a total of only $ 14.9 billion. This is the minimum value for 11 years. Moscow left the list of the largest creditors of Washington. Such data are contained in the report of the Federal Reserve System for May, RIA Novosti reports.. In March of this year, Russia's investments in the national debt of the United States amounted to $ 96.1 billion, and our country was on the 16th place in the rating of the largest creditors. In April, the volume of investments fell to $ 48.7 billion, and as a result, Russia fell to 22nd place. In May, the possession of the US national debt decreased by another three times and as a result, the Russian Federation dropped out of the list of 30 countries that own the largest number of US government bonds. Now the last, 30th, line in the ranking is Chile, which owns debt securities worth $ 30.2 billion. In total, foreign states owned in May 2018. US securities for a total of $ 6,213 trillion. Compared to April, this figure was slightly reduced - then investments were $ 6,169 trillion. The total amount of US public debt has long exceeded $ 20 trillion. The most ambitious Americans borrow from China and Japan. In May, both these countries increased their investments in US bonds. Beijing additionally invested $ 2 billion, and now its share reached $ 1.183 trillion. Tokyo bought securities for $ 17.5 billion and reached $ 1,049 trillion. Reduction of Russian investments in US bonds was not a result of a momentary decision. It has nothing to do with specific events in bilateral relations between countries. Chairman of the Central Bank of Russia Elvira Nabiullina earlier explained that the regulator has a policy of diversification of international reserves. Part of the proceeds from the sale of US bonds is invested in European securities and other assets. When making decisions, all risks, including financial, economic and geopolitical risks, are taken into account.. Over the past year, the share of US Treasury bonds in the total volume of Russian reserves has declined. However, our country should not abandon this financial instrument altogether:

the state bonds issued by Washington are rightfully considered to be the most reliable securities of those sold on the world financial market. In the spring, the State Duma received a bill banning the placement of the National Wealth Fund in bonds and other US securities. However, economists took him hostilely. Our rejection of American debt will not cause the US practically no damage, since our share in the total amount is too small. At the same time, we ourselves will deprive ourselves of a profitable investment direction.




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