Australia and New Zealand Banking Group analysts wrote that Russia's roughly $140 billion makes up almost a quarter of all foreign ownership in China's domestic bond market.Russia owns about $140 billion in Chinese bonds, per estimates by ANZ analysts.Russia could use the bonds to cushion the blow from Western sanctions, they said.
Russia's central bank and sovereign fund own about $140 billion in Chinese bonds, according to estimates by the Australia and New Zealand Banking Group, or ANZ. This could be used to cushion the blow from the sanctions Western nations imposed on Russia after it invaded Ukraine, analysts at the group said in a report Wednesday, firstThe estimates suggest that the Central Bank of Russia could hold about $80 billion of yuan debt and the National Wealth Fund could own $60 billion.
"Russia is a large investor in China's bond market," the analysts wrote. Russia's $140 billion in bonds makes up almost a quarter of all foreign holding in China's domestic bond market, they wrote.by imposing huge financial sanctions after Russia invaded Ukraine. Actions so far have included blocking transactions from the country's central bank, barring Russian aircraft from their airspace, and banning some banks from using SWIFT.
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