A top Kremlin aide has been quoted as saying Russia would buy $30 billion in debt from the United States if a new US administration can be persuaded to increase the US dollar’s value.
According to the Financial Times, Sergei Glazyev, Russia’s ambassador to the US, said Russia was willing to buy US debt at $300bn for a period of two years.
Glazyev made the comments in a meeting with US Treasury Secretary Jacob Lew, the FT reported.
He added that Moscow would continue to buy bonds from US companies, although the timing of such a move was unclear.
“The US is willing to increase its debt, in the long term, but we are ready to buy at the right time and we are not prepared to delay our purchases,” Glazyov said.
“We would buy the debt if the president decides to increase it,” he added.
The US dollar rose against the rouble by more than 0.5% on Wednesday, reaching a new record high.