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Russia is about to default on $150 billion
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[quote:Kagnimir 82491732:MV81MDgyMzM2XzkzMTUwNDg2XzdCQ0U1NEMz] [quote:Anonymous Coward 82489293:MV81MDgyMzM2XzkzMTQ2Mjc1Xzc5RDkxMzY4] But American is $30 trillion in debt Russia is half America’s population. Their debt is minuscule [/quote] Yeah sure, but their economy is smaller than Canada's. https://www.worldometers.info/gdp/gdp-by-country/ [/quote]
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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.
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link to www.bloomberg.com (secure)
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