Russia May Lower Holdings of U.S. Debt Instruments, WSJ Reports
Russia will probably reduce its holdings of U.S. debt, the Wall Street Journal said, citing a June 18 interview with Arkady Dvorkovich, President Dmitry Medvedev’s economic adviser, published by Dow Jones Newswires.
“The share of our portfolio in U.S. instruments has gone down and probably will go down further,” Dvorkovich told Dow Jones in St. Petersburg yesterday, the newspaper reported on its website.
The safety of investments in U.S. debt is the same now as it was ten years ago “on an absolute basis,” Dvorkovich told Dow Jones, the Journal said. “On a relative basis, compared to other investments, of course not.”
“When we take decisions and compare, we’re not thinking in absolute terms,” he said, the newspaper reported.
To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net
To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net
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