Russia selling off US government debt

russia

In April, Russia sold out half of the U.S. Treasury bills worth 47.5 billion dollars, leaving a $48.7 billion, according to the data published on the website of the U.S. Treasury.

Thus, Russia has fallen in the ranking of the US government debt holders from 16th to 22d place. China, holding $1.18 trillion of the US debt, and Japan, with $1.03 trillion, are at the top of the list.

On June 15, the President of the United States Donald Trump has launched a trade war against China, introducing a 25 percent import tariffs on Chinese goods. Beijing responded immediately imposing reciprocal measures.

On March 19, it was reported that the US national debt reached a new record, exceeding 21 trillion dollars. The share of domestic debt was 5.6 trillion dollars. One of the campaign promises of Donald Trump was the elimination of public debt, however, during the year of the presidency this figure increased by more than a trillion dollars.

Published by

Crimson Tazvinzwa

Teacher and media trainer based in the United Kingdom.

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