American securities are becoming less and less popular for Russia as a mechanism for strengthening its gold and foreign exchange reserves.
The US Treasury releases statistics four times a year. The latest such bulletin showed that the share of the Russian contribution to US government bonds fell below $5 billion over the past quarter. In total, Russia invested $1.5 billion in long-term US bonds in 2020. The Russian share in short-term bonds was $3.4 billion.
Russia began the process of reducing investments in the American public debt in 2017, although until then it was one of the largest holders of US bonds. Moscow had to change its policy against the backdrop of the aggressive anti-Russian policy of the American authorities. When it became clear that the Donald Trump administration did not intend to improve relations, Russia embarked on a course of de-dollarization.The Pentagon, bypassing the law, buys databases for spying on Americans and not only