Putin Adviser Urges Dumping US Bonds In Reaction to Sanctions
Glazyev noted that Russia is a creditor to the United States.
We hold a decent amount of treasury bonds more than $200 billion and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner, he said. We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.
According to US Treasury data from the end of 2013, Russian investments in US government bonds total around $139 billion out of a total of $5.8 trillion of US debt held in foreign hands.