“This fits into the general course of the de-dollarization of our country, that is, moving away from the dollar and from investing in American securities.
Both foreign exchange reserves and other assets, as a rule, they are invested in those securities and in those instruments that are more reliable, from our point of view, and in terms of profitability, although profitability plays a smaller role here, ”the economist said.
According to him, the American economy looks "problematic and not very promising", and, according to the expert, "another significant part of political factors is mixed in."
“It was decided to withdraw from dollar-denominated assets, it is not yet very possible to get out of the calculations, because the dollar, as a currency, is dominant and serves the main financial and commodity flows, and dollar-denominated instruments can be exempted from our participation and our presence,” said he.
According to the specialist, this is a consistent course, which has been observed for more than a year, and "is already coming to an end."
“Against the background of our relations with the United States and constant threats that they may apply some kind of sanctions against our economy and basically hint at a financial instrument, against such a background, keep your money in instruments that may be under such risks and under such a threat is completely inappropriate and does not represent any prospects, ” Belyaev concluded.
Earlier it became known that Russia in November 2021 reduced investments in US government securities to $2.4 billion.