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Russia dollar holdings
Jun 09, · Russia’s $billion sovereign wealth fund will reduce its dollar holdings from $40 billion to zero this month, finance minister Anton Siluanov announced last week at the . But after sanctions from many of those countries targeted Russia's foreign reserves, the decision to keep so many assets overseas is now. 3. You can find answers, opinions and more information for russia dollar holdings. . Reddit is a social news website where you can find and submit content. The National Wellbeing Fund will shift its dollar holdings into euros, yuan and gold, Finance Minister Anton Siluanov said. Russia said it will eliminate the dollar from its oil fund to reduce vulnerability to Western sanctions just two weeks before President Vladimir Putin holds his first summit meeting with U.S. leader Joe Biden. Russia's $billion sovereign wealth fund will reduce its dollar holdings from $40 billion to zero this month, finance minister Anton Siluanov announced last week at the International Economic Forum in St. Petersburg. International . Mar 23, · READ MORE: US dollar is ‘a huge black hole,’ expert says The measures also froze around $ billion that Russia holds in foreign currency reserves abroad. Recent sanctions imposed by the US on Russia have called into question the US dollar's dominant role as a reserve currency. 5.