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MarketsAug 14, 2018

As the pressure of newly legislated sanctions grips harder at the economy of the Russian Federation, the country has been selling off its share of US Securities. But while this sell-off is taking place, it has no intentions of shutting down US companies that operate within Russia, according to its Finance Minister, Anton Siluanov.

“We have lowered to the minimum level and will further decrease our investment in the U.S. economy, in the U.S. securities,” announced Siluanov during a conference, this was before he had announced that they plan to trade more with rubles and other currencies, rather than the Dollar.

“Eventually, this will negatively impact U.S. investors. But we are not planning now any limitations such as shutting down McDonald’s,” Siluanov quipped.

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