New York Stock Exchange Reuters
Here’s a look at who is holding U.S. Treasury debt. Richard Bove, Rafferty Capital Markets LLC
Russia is playing the money card.
Sergei Glazyev, an adviser to Russian President Vladimir Putin, said on Tuesday that the country could sell all the U.S. government bonds it owns should the country impose sanctions on Russia.
“The Americans are threatening Russia with sanctions and pulling the EU into a trade and economic war with Russia,” Glazyev said. “Most of the sanctions against Russia will bring harm to the United States itself, because as far as trade relations with the United States go, we don’t depend on them in any way,” Glazyev said, adding that the country 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 U.S. Treasury bonds, get rid of dollars as an unreliable currency and leave the U.S. market,” he said.