Russia and Saudi Arabia dump $50bn in US assets

Wednesday, June 1, 2016
By Paul Martin

RT.com
1 Jun, 2016

nvestors from Russia and Saudi Arabia have cut their combined holdings of US securities by more than $50 billion between mid 2014 and 2015, reports the Financial Times.

Over the period, Saudi Arabia reduced its holdings by $26 billion, according to an annual US Treasury survey published earlier this week. The Treasury recently unveiled the scale of Saudi buying of US government debt that had dropped by $3 billion to about $116 billion from February to March.

Russian investment in US holdings has more than halved since the 2008 financial crisis to roughly $73 billion by the end of last June.

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