Russia Defaults On Foreign Debt
- Thread starter Nobert
- Start date
not a real default
I simply copied the title.
I agree, yet, it could be compered with the drunk drivers that got their friends/passengers killed.
,,Your honor, it wan't my intention to kill them"
And still might get 20 years behind the bars or more.
A murder is a murder.
A default is a default.
It's more like "the police officer used a rigged breathalyzer to arrest me".
Does this mean the Ukraine war will end? No? Then nobody cares.
That war isn't about to end. Heavy artillery is moving in, Kiyv is being shelled, Belarus is becoming active...
It's is a real default. Those Russian Euro reserves that are frozen are frozen indefinitely and might ultimately be subject to international Court action that could cause them to be attached to pay war reparations. All up in the air at this point. If you don't pay according to contract that's a default. And it means that Russia will probably not find takers for Russian bonds denominated in anything other than rubles -- and who outside of Russia wants those -- for an indefinite period, could be years before they can restore their credit... Maybe Russia will try issuing bonds denominated in Brazillian Reais next.
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If it's real default - it's US default not Russia as US refused to transact money from Russia to bondholders
Only complete pervert would call it Russian default