Reduction of Russia Investments in the State Bonding of the United States of America (USA) can be considered a political gesture that demonstrates economic independence. This was told “Lente.ru” Candidate of Economic Sciences, financial analyst Mikhail Belyaev. In his opinion, at the abandonment of investments in the US public debt there are several reasons.
Russia once again reduced its investments in US state bonds from $ 3.7 billion to 2.4 billion dollars.
Currency reserves and other state assets are not stored in cash, they must be posted in some financial instruments, the main requirements for which is reliability, and, to a lesser extent, yield, explained the economist.
According to him, for a long time, securities of the United States looked most suitable for these two parameters, but in recent years the situation has become changed. The position of the United States on the world stage becomes no certainly dominant, the state economy is crowded in China and causes certain concerns, clarified Belyaev.
In addition, the reduction of investments in US state bonds affected the worsening of political relations. “The United States conducts one-way threat policies in relation to our country and are trying to implement any economic sanctions in our address. At first they were trade restrictions, and now they are already moving to the financial sphere. Potentially such risks exist, and in order to protect their own The funds from possible negative actions by the United States are departed from their papers, “the economist noted.
Also these are actions within the framework of the general course for the dedollarization of the Russian economy, that is, liberation from dollar transactions, says Belyaev.
In December, US President Joe Biden signed a law that enhances the Country Country Ceiling for 2.5 trillion dollars – up to 31.4 trillion dollars. Thus, Biden prevented the potential default of the country by the country’s debt, the CNBC channel notes. It is expected that an increase in the debt limit will allow the American government to cover its obligations until 2023.