In March, the country bought $13.5 billion of US government bonds — better known as “Treasury securities.” Russia’s total holdings of US debt have now increased to nearly $100 billion, according to recently released Treasury Department data.  It’s the third straight month of buying from Russia.  A key reason is that Russia is restocking its foreign reserves,

which declined dramatically when oil prices crashed last year to their lowers level since 2003.  Foreign reserves are the cushion a country builds up to weather a rainy day. When the price of oil started to crater in late 2014, Russia’s economy and currency went down with it. US and European economic sanctions against Russia didn’t help its economy either. READ MORE