Aleksashenko: Russia is withdrawing money from US bonds, fearing new sanctions
Russia is withdrawing money from US bonds, fearing new sanctions, economist Sergei Aleksashenko explained to Novaya Gazeta, commenting on the reduction in Russian investments in US securities. “April 6, 2018, America imposed more sanctions against Russia that affected a lot of Russian oligarchs, including [Viktor] Vekselberg and [Oleg] Deripaska, and I think that, afraid of further tightening of sanctions, the Central Bank decided to try to do their foreign exchange reserves safer,” he said.