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The US Treasury published data according to which Russia left part of its assets in government securities.
In March, the volume of Russian investments in US government securities amounted to 2,003 billion US dollars. Compared to February, the figure has almost halved. Recall that last year the volume of investments amounted to 3,753 billion US dollars.
As follows from Izvestia, it is noteworthy that the main bonds accounted for only 2 million dollars, the bulk was placed in short-term bonds. Thus, from 2018 to the present, Russia has been investing in the US public debt 48 times: from $96 billion to $2 billion.
“Treasuries – American debt – is currently the most reliable paper with a guaranteed income,” the publication quotes a commentary by an expert – the founder of the “School of Practical Investing” Fedor Sidorov.
According to him, the Russian Central Bank, just like the central banks of other countries, makes investments and receives additional income.
The country’s reserves are used to account for investments. This is a generally accepted world practice, – the expert explains, he believes that the significant damage to investments in treasuries in March is the result of “more politics than economics.”
“Against the background of restrictions imposed by the United States on the purchase of their debt securities, it would not be very clear from the point of view of public opinion. But at the same time, the treasuries were not sold in full – it is still an investment and a way of earning for the Russian Federation, Sidorov sums up.
At the same time, according to the director of the Banking Development Institute Julia Makarenkothe remaining $2 billion is just a “drop in the ocean” in relation to the volume of Russian investments 5-10 years ago and, for example, in relation to the leaders of the collateral of the American public debt – Japan and China, where investments amount to trillions of dollars.
“We consider the withdrawal from dependence on US government bonds a positive trend. The Russian economy no longer depends on the economic success of a country that comes out of open sources in an unfriendly way. The preservation or growth of assets and the observability of the US economy in the data would look strange,” Yulia Makarenko believes.