2008-07-28 — reuters.com
Russia has approximately halved to less than $50 billion its exposure to U.S. mortgage lenders Fannie Mae and Freddie Mac, a senior central bank official told Reuters on Monday. "It's now less than $50 billion," central bank first deputy chairman Alexei Ulyukayev said, when asked about Russia's investments in the agencies.
Russia held about $100 billion at the start of 2008.
Someone doesn't want to be paid back in depreciating dollars!
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