Russia to Continue Slashing US Bond Holdings, May Stop Payments in Dollars

Anton Siluanov. Credit: minfin.ru

(From RadioFreeEurope/RadioLiberty)

Russia’s finance minister says his country will continue to reduce investments in U.S. government bonds and may stop making global payments in dollars in response to new sanctions being imposed by Washington against Moscow.

Finance Minister Anton Siluanov told the Rossiya-1 television channel on August 12 that Russia has reduced its investments into the “American economy and American securities to the minimal level and will continue to diminish them.”

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