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11:28 AM
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Russia is about to default on $150 billion
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:FHL(C):MV81MDgyMzM2XzkzMTQ5ODEyX0U0MTNCNENE] [quote:Anonymous Coward 68258239:MV81MDgyMzM2XzkzMTQ5NzMzX0FBN0VBMUU0] [quote:Anonymous Coward 79322735:MV81MDgyMzM2XzkzMTQ4MzI1X0U1QjNGQTI5] [quote:Anonymous Coward 82489293:MV81MDgyMzM2XzkzMTQ2Mjc1Xzc5RDkxMzY4] But American is $30 trillion in debt Russia is half America’s population. Their debt is minuscule [/quote] America also makes 30 trillion a year. [/quote] Dumb as fuck^ [/quote] agreed, and like some other mentally affected , who believe they are just so right, smart , clever, yet claim everyone else are bullies and saying mean things, lol. Woke cancel culture will destroy any opportunity for meaningful and bloodless debates. So lets go brandon, next phase coming up [/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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