The Bank of Russia arranged the sale of American bonds.
Russia halved investments in US treasuries. In April, the CBR sold half of U.S. Treasury bonds by nearly $47,5 billion as of may 1, the share of U.S. bonds in the reserves of the Bank of Russia amounted to about 10%, or less than $50 billion.
Probably, Moscow fears possible sanctions arrest of its assets, its consequence may be a moratorium on the payment of Russian sovereign and corporate debt in favor of the United States and its allies.
Accurate information is not, however, given the increase in profitability of American bonds, maybe the deal was made with a loss. Of course, from an economic point of view, us government bonds remain the most reliable asset in the world. However, for the Kremlin, they become unacceptable for political reasons. The situation in global economy and politics increasingly resembles a war of all against all. And it is very likely that the winners in it will not be simple.
The Director of analytical Department,