US Treasuries remain a significant part of the Russian gold and currency reserves. In March, they amounted to $ 99.8 billion with the total amount of international reserves of the Russian Federation at $ 398 billion. US government bonds do not bring to holders of high income, but they allow to protect investments. Among the Central Banks of the world, these papers are popular due to their reliability.

Russia is not the largest creditor of the US on state securities. In the first place since October last year, investments in American securities are held by Japan, which holds about $ 1.12 trillion in US securities. China ranks second with $ 1.09 trillion in investments, Ireland with the third ($ 315.1 billion), Brazil with the fourth ($ 259.5 billion). The first five are washed by the Overseas Territory of Great Britain - the Cayman Islands, whose investments in US government bonds are $ 249.9 billion. Russia ranks only 15th among the largest creditors of the United States.

During the second half of last year, Russia reduced its investment in US government bonds - by the end of the year the volume of investments was $ 74.6 billion. However, since early 2017, the volume of US government securities international reserves began to increase again. According to the Central Bank, as of January 1, 2017, the amount of assets denominated in the US dollar was 37.7%, in euros - 33.6%, the British pound - 8%, the Canadian dollar - 3.5%, the Australian dollar - 1 , 1% and 0.1% in the Japanese yen and Chinese yuan. The volume of gold at the beginning of this year in the structure of reserves occupied 15.8%. Total gold and foreign currency reserves amounted to $ 398.8 billion as of May 5.

According to the chief economist of the Eurasian Development Bank, Yaroslav Lisovolik, Russia needs to gradually reduce the investment dependence on the US dollar. The conjuncture in the markets can change, therefore the share of investments in the American assets will decrease in the future, - tells Lisovolik "to the Newspaper. Ru ". According to him, while the securities of developing countries can give an opportunity to earn around 4-5% in the region, the yield of 10-year US Treasury bonds following the trading session on Monday reached 2.34 percent.

However, the share of the dollar in international reserves over the past 10-15 years has decreased significantly - 10 years ago it exceeded 50%, recalls Lissovolik.

Alfa Bank's chief economist, Natalia Orlova, also agrees that securities of developing countries may well push US bonds in the future.

According to the chief economist of BCS, Vladimir Tikhomirov, in general, Russia expects that the US Central Bank will gradually raise the rate and therefore the bonds will bring greater profits. But the expert considers the bonds of developing countries to be more risky, because of what they will not constitute an alternative to US government bonds.