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Russia is about to default on $150 billion
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[quote:Teslahowitzer 82067053:MV81MDgyMzM2XzkzMTQ2NTY5XzZDM0I3ODg3] Most,if not all assets connected to Russia have been siezed by governments all over the planet. Removed them from swift and banned their exports in mass. Do you really think that they give a damn about this default? They have China, India, and Iran for import/ export and moving funding. The rest of the world cut them off, why would they pay up? Consider all debt Russia owed to the west as null and void. War does that to creditors whom call you the enemy and tries to shut you down... [/quote]
Original Message
The government says that all debt will be serviced, though it will happen in rubles as long as sanctions — imposed because of the war — don’t allow dollar settlements. Failure to pay, or paying in local currency instead of dollars, would start the clock ticking on a potential wave of defaults on about $150 billion in foreign-currency debt owed by both the government and Russian companies including Gazprom, Lukoil and Sberbank.
[
link to www.bloomberg.com (secure)
]
This is about to get very interesting.
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