The share of non-resident investors among the holders of Russia’s public debt fell to its lowest level over the past six years.

As of early April, the share of federal loan bonds (OFZ) owned by non-residents was less than 20 percent, having decreased over the last month by 2.8 percentage points.

Foreigners have become disappointed with Russian government debt against the background of the threat of new US sanctions, which may include a ban on US residents from holding OFZs. Such concerns were superimposed on the tendency of investors to withdraw from the assets of developing countries, which has existed since the spring of last year. Another reason is the active purchase of government bonds by the largest state-owned banks.