CNN — In March, the country bought $13.5 billion of US government bonds — better known as “Treasury securities.” Russia’s total holdings of US debt have now increased to nearly $100 billion, according to recently released Treasury Department data.
It’s the third straight month of buying from Russia.
A key reason is that Russia is restocking its foreign reserves, which declined dramatically when oil prices crashed last year to their lowers level since 2003.
Foreign reserves are the cushion a country builds up to weather a rainy day.
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