Russia says will cut holdings of U.S. securities amid sanctions: RIA

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© Reuters. FILE PHOTO: National flags of Russia and U.S. fly at Vnukovo International Airport in Moscow© Reuters. FILE PHOTO: National flags of Russia and U.S. fly at Vnukovo International Airport in Moscow

MOSCOW (Reuters) – Russia will continue decreasing its holdings of U.S. securities in response to new U.S. sanctions on Moscow, Finance Minister Anton Siluanov said, RIA state news agency reported on Sunday.

Russia will increasingly use rubles and other currencies, including the euro, rather than the U.S. dollar in its settlements, Siluanov said, speaking on state TV.

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