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Russia becomes the 8th largest holder of United States public debt.

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02 September, 2008, 07:20

Russia has moved into 8th position in the list of holder of US Public debt according to Russia’s Finance magazine. Russian holdings of U.S. Public debt total $65.3 Billion, or approximately 2.5% of American Public debt.

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First and second positions belong to Japan and China with holdings of $583 Billion and $503 Billion respectively. Other nations and groupings with represented in the ten largest holders of American public debt include the United kingdom, oil exporting nations (as a group), Brazil, Caribbean banking centres (as a group), Luxemburg, Hong Kong (separate from China) and Norway.

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