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Russia reduces its holdings of US state debt to $3.75 bln

Long-term US Treasury securities stood at $2 million

WASHINGTON, April 16. /TASS/. Russia reduced its holdings of the US sovereign debt from $4.503 billion in January to $3.753 in February, according to documents published by the US Department of the Treasury on Friday.

Long-term US Treasury securities stood at $2 million (unchanged from January), while short-term amounted to $3.751 billion (down up from $4.501 billion in January), the US agency said in its update.

Russia, once a significant holder of the US state debt, started its sell-off of US Treasury securities in spring 2018. In April 2018, Russian holdings were nearly halved - from some $96 billion to $48.7 billion. Next month, in May 2018, the figure further dropped to $14.9 billion.

Japan remains the biggest holder of the US state debt with approximately $1.3 trillion dollars, followed by China with $1.05 trillion and the United Kingdom with 625.2 billion.