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29.07.11

Russia Should Cut Dollar Holdings - Government Expert

The Wall Street Journal

MOSCOW (Dow Jones) - Russia should strive for an agreement to hold Chinese debt and diversify away from the dollar amid worries that the U.S. debt may lose its AAA rating, an economic adviser to President Dmitry Medvedev said Friday.

"I think the way out for Russia is to somehow negotiate a deal with China where Russia would hold yuan assets to diversify," said Sergei Guriev, rector at Moscow's New Economic School and a member of a commission advising the president ... >>>


Post-Crisis World Institute