In the case of the insane sanctions on Oleg Deripaska and Russian Aluminum giant, Rusal, back in April, we finally got some clarity as to how Russia can and will respond to future events.
In yesterday’s Treasury International Capital (TIC) report, we saw clearly that Russia activated its nearly $100 billion in U.S. Treasury debt to buy dollars in April. More than $47 billion in U.S. debt was dumped into the market to cover the chaos engendered by Trump’s overnight diktat for the world to stop doing business with Rusal.
