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Russian FM has no plans to get out of US securities due to debt ceiling problem

October 12, 2013, 1:52 UTC+3
The Russian Finance Ministry has no plans for changing its investment policies and getting out of the US securities in connection with the debt ceiling problem
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WASHINGTON, October 12 (Itar-Tass) - The Russian Finance Ministry has no plans for changing its investment policies and getting out of the US securities in connection with the debt ceiling problem.

“I believe that at the moment there is no need for changing the strategy of investing our reserves,” Finance Minister Anton Siluanov told a news conference following a meeting of the G20 finance ministers on Friday.

“Our investments in US treasuries are long-term ones. I see no reason for a revision of the investment policy,” he said, adding that about 40 percent of Russian reserves were invested in US securities.

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