Russia’s US$140 billion of Chinese bond holdings are ‘major foreign assets’, could be used to skirt sanctions

Mar 2, 2022 | INVESTING

Russia’s central bank and sovereign wealth fund probably own a combined US$140 billion worth of Chinese bonds, assets that they may seek to access given global sanctions, according to estimates by Australia & New Zealand Banking Group.The Bank of Russia could hold US$80 billion of yuan debt, while the National Wealth Fund is estimated to own US$60 billion, analysts including Raymond Yeung wrote in a report on Wednesday.Together, that represents almost a quarter of foreign ownership in China’s…

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