Page 96 - RusRPTJul23

6.2 Debt
Russia is selling off the last of its US bond holdings, according to the latest data released by the US Department of the Treasury, Tass reported on June 16.
In April, Russia’s holdings decreased from $77mn in March to just $35mn. This marks a considerable decline from the previous year's figures, which were $629mn in December 2022 and nearly $2.1bn in November 2022.
Similarly, Russia's long-term US Treasury securities dropped to $27mn in April, compared to $68mn in March. The short-term securities remained at $8mn, unchanged from the previous month.
Russia began its sell-off of US Treasury securities in the spring of 2018. In April 2018, the country's holdings were nearly halved, going from approximately $96bn to $48.7bn. By May 2018, the figure had further decreased to $14.9bn.
In terms of other major holders of US state debt, Japan maintained its position as the largest holder in April 2023, with around $1.13 trillion. China followed with $868.9bn, and the United Kingdom held $680.7bn.
96 RUSSIA Country Report July 2023 www.intellinews.com