Moscow has continued to sell off US Treasury securities, cutting its stockpile by US$8.73 billion in March, according to the latest data from the US Department of the Treasury.
Russia’s holdings of US state debt amounted to $3.8 billion in March, compared with $12.5 billion a month earlier. Three years ago, the amount stood at $105 billion. Moscow has liquidated over 96 percent of its holdings in that period. The country’s long-term US Treasury securities decreased by $928 million, while short-term securities plunged by $7.8 billion to just $473 million.
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