According to updated figures provided by the US Treasury Department, in February, Russia’s hard currency reserves currently held in US Treasuries went down by $3.1 billion and now stand at $93.8 billion, the lowest level since March of last year.
Russia still remains the world’s 16th largest holder of US government bonds. China holds the top spot with almost $1.8 trillion, trailed by Japan which has shed some of its US Treasuries.
Analysts believe that Beijing can use its vast holdings of US Treasuries as a bargaining chip in its trade dispute with Washington.
To date, the governments of the world’s leading economies have amassed about seven trillion dollars’ worth of US government bonds.
