As we detailed here first, during the months of April and May, as the Yuan-denominated oil futures were launched, trade war threats escalated, and sanctions were unleashed, Russia liquidated almost 90% of its US Treasury holdings.

The question most had was simple – why?

Speculation ran the gamut from this action being a dress-rehearsal – carefully coordinated with Beijing to field test what would happen if/when China also starts to liquidate its own Treasury holdings; to forced sales to cover liquidity needs on sanctioned Russian entities.

But now we have an “insider’s” view on why Putin was puking his T-Bonds.

Andrei Kostin, chairman of Russia’s second-largest bank VTB, told RIA Novosti that there are three reasons behind Russia’s decision to dump its bonds…

“Look, the latest sanctions, which have already been touched upon by our leading enterprises such as Rusal, Renova, undoubtedly shows us that we need to be more cautious. I think that the Central Bank reacts to this too, because the Central Bank the bank is often criticized for keeping money abroad, I think that it’s partly correct, everyone does it, but, of course, it’s necessary to somehow minimize risks, reduce these risks

… because today the US represents the largest threat… from the point of view of imposing sanctions of any kind is greater than all others.”

“I think that this, too, probably the Central Bank and the Ministry of Finance take into account in its policy,”

The head of VTB also recalled that the bank had prepared proposals aimed at de-dollarization and de-orphanization of the Russian economy.

“I recently met with the president, I told him the proposals of our bank to reduce the dollar in the calculations, in general, in the economy of our country.”

This is a measure that, in my opinion, has two sides: on the one hand, it is good for developing its own market: if we will create our derivatives and we will hedge the risks on the whole instrument within the Russian market, it will be very good, as well as calculations.

“On the other hand, life makes us,” Kostin said.

Additionally, Elvira Nabiullina, head of the Bank of Russia, said in June, responding to a question from Duma deputies about the sale of almost half of the US debt by the regulator in April, explained that the Central Bank is pursuing a policy of diversifying international reserves and taking into account all risks, including financial, economic and geopolitical decisions.

So to sum it all up, Russia liquidated its US Treasury holdings:

• The rise of the mulipolar world – to send a geopolitical message to the world over US sanctions bullying;
• Dedollarisation – to enable the redistribution of reserves in favor of gold; and
• Preparation for a global reset – due to “the feeling of impending trouble in the world economy.”

Do those sound like the kind of events that you should be acting on too? Is it any wonder that Putin is public enemy no.1 given the possibility that these risks may translate into actions by the worlds’ investors?

Remember, it wa  just last week that Putin officially warned his “American partners” that:

“…the restrictions they impose involving the dollar… are a major strategic mistake because they’re undermining confidence in the dollar as a reserve currency.”

“We will continue to use the US dollar unless the United States prevents us from doing so.”

And given the volume of noise coming from Washington’s establishment, that could be sooner than many – aside from the Russians themselves – may be thinking.

My Comment:  Zionists run Washington, D.C. and they will lead the United States into a Dollar Collapse and WW3-this is their ultimate goal and by propagandizing Christian Zionism they have almost 100% support among Christian Zionists who care not about Jesus Christ’s teachings.  He stated Zionism was the Synagogue of Satan;  this remains true today.  This Criminal Group will eventually get what they deserve.