Russia & China dumping U.S. treasuries

Moscow and Beijing have cut their holdings in US Treasury securities. Russia sold $5.3 billion in January and has sunk to 16th place of the largest holders of American debt. It is the lowest level for the country since February last year.

“We absolutely do not hold American securities exclusively. The main thing is that these securities should be liquid. So should be the state that issued them,” said Russian Finance Minister Anton Siluanov in an interview with NTV this week.