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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:Anonymous Coward 80323156:MV81MDgyMzM2XzkzMTUxMzMzXzU1QTMwODY3] [quote:Anonymous Coward 76658155:MV81MDgyMzM2XzkzMTUxMjE4X0YxODVEOTVB] Junior Sergeant Alexander A. Pugachev informed his battalion commander that he “… refuses to participate again in the military hostilities in Ukraine due to the lack of logistical support, absence of coordination of actions, absence of any communication within the unit and with the command.” [/quote] and his tampons did not arrive in a timely fashion. i thought the sickness was confined to the Anglosphere and western Europe. Apparently not; the whole world is infected. [/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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