The New York Post citing a Wall Street Journal report claims that over $100 Billion of Treasury Bills was removed from the system which is raising speculation that the Kremlin and Russian oligarchs are protecting their assets. The question is did they suspect or were they aware of the recently announced EU and US sanctions? I wonder if this is what Dmitry Rogozin Deputy Prime Minister of Russia @DRogozin was referring to?
$100B withdrawal from US Treasury bills hints at Russian move
WASHINGTON — A record $100 billion in withdrawals of Treasury bills is raising speculation that the Kremlin and Russian oligarchs are yanking their money out of the United States to avoid upcoming sanctions over Ukraine.The massive outflow over the past week came as President Obama and other top US officials repeatedly warned Russia would face a “cost” if it didn’t reverse course in Ukraine.The total amount of foreign-held US Treasury securities dropped to $2.86 trillion — lowest in more than a year.Last year, the most moved out in a week was $32 billion.
via $100B withdrawal from US Treasury bills hints at Russian move | New York Post.
The European Union and the United States on Monday slapped sanctions on top Russians and Ukrainians deemed responsible for a breakaway vote in Crimea that has fanned the worst East-West standoff since the Cold War. Official results from Sunday’s disputed…
(image via DonkeyHotey)