Russia and Saudi Arabia cut U.S. assets of $50 billion


Published may 31, according to data from the U.S. Treasury to holders of us securities as of June 2015, Russian investments in us assets compared with June 2014 decreased by $42,1 billion ($115 billion to $72.9 billion). Investments of Saudi Arabia in American securities decreased by $10.5 billion — with $194,2 billion to $183,8 billion.

At the same time reducing Saudi investment was due to the sharp fall of Saudi investments in us stocks — this indicator Saudi investments dropped by $26 billion ($52.4 billion).

As the Financial Times, the reduction of Russian and Saudi investment in us assets occurred against the backdrop of falling oil prices and the devaluation of several currencies of emerging economies, including the Russian ruble, against the dollar.

The reduction of Russian investments in the American economy during the period from June 2014 to June 2015 was the most serious among all countries. The outflow of Saudi investment is second only to Japan (Japanese investors have reduced their U.S. assets by $14 billion, with $1,917 trillion to $1,903 trillion).

Earlier in may for the first time, it became known that Saudi Arabia is one of the largest creditors of the U.S., as holder of us Treasury bonds by $116.8 billion At the same time, as noted by Bloomberg, the real volume of debt of the United States to Saudi Arabia may be higher. According to IMF statistics, Central banks tend to place two-thirds of its foreign exchange reserves in dollars. Saudi foreign exchange reserves of $587 billion. the Remaining part of the debt can be accumulated by Saudi Arabia in offshore jurisdictions.

Saudi Arabia, as reported yesterday by Bloomberg, the very first time in the near future to prepare to enter the debt market by placing bonds for $15 billion According to the interlocutor of Agency, Riyadh can accommodate five-, ten – and thirty-year bonds on $10 billion in July.