Russia dumped 80% of its US Treasuries in 2018 3 years later we had Ukraine. China has been dumping US Treasuries steady for almost 1 year. Both are BRICS monetary system founders. Both don't want the Fed to exist. What do you think this all means?

South China Morning Post

China cuts US Treasury holdings to lowest level since global financial crisis

China’s holdings of US Treasuries slid to US$859.4 billion in January from US$867.1 billion in December, representing a sixth straight monthly de...