Much has been said in recent years about the rise of a multipolar world and divestment from the United States, primarily through a block that may soon need a different acronym lest it becomes too long – BRICS.
While many consider it too early to call an end to the present global status quo, a level of separation from the American economy has been observable for some time, with few nations providing as stark an example as Russia.
Unsurprisingly, given the heavy sanctions and tensions arising from Russia’s 2022 invasion of Ukraine, the Eurasian giant has been reducing the amount of U.S. bonds it holds for multiple years and has, by late 2023, sold all but approximately $30 million of its American public debt.
Russia has been selling U.S. public debt for half a decade
What is more interesting is that the country’s policy of…
