Russian Holdings of U.S. Treasuries Dropped 20% in March
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Russia’s holdings of U.S. government securities fell by 20 percent in March as the U.S. and Europe stepped up pressure against Russia and as analysts said the nation’s central bank tried to shore up the value of the ruble.
Russian holdings declined for a fifth straight month, to $100.4 billion from $126.2 billion in February, according to figures released today by the Treasury Department in Washington. The department doesn’t provide explanations for the moves.