They didn’t defaulted. They still have +600 Billions in euros in eurobanks which are illegally confiscated.
They offered to pay in ruble or be paid in ruble but nobody accepted.
You can’t default on something if the owner of the debt refuse to be paid.
The good thing is this stupid move from us and eu accelerated a multipolarized world with many escape routes which will give the world a lot of options outside the us tyranny as the yuan, the cryptos, the rublegold, an alternative to swift etc etc
Default due to a ban on payments/seizure of foreign reserves, not due to collapsing economy.
The bond holders are going to have a tough time with their insurance claim – I’m sure the insurers will say they’re also sanctioned from paying out on a Russian credit default.
Russia is one of the lowest indebted countries in the world, this is ridiculous.
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They didn’t defaulted. They still have +600 Billions in euros in eurobanks which are illegally confiscated.
They offered to pay in ruble or be paid in ruble but nobody accepted.
You can’t default on something if the owner of the debt refuse to be paid.
The good thing is this stupid move from us and eu accelerated a multipolarized world with many escape routes which will give the world a lot of options outside the us tyranny as the yuan, the cryptos, the rublegold, an alternative to swift etc etc
Default due to a ban on payments/seizure of foreign reserves, not due to collapsing economy.
The bond holders are going to have a tough time with their insurance claim – I’m sure the insurers will say they’re also sanctioned from paying out on a Russian credit default.
Russia is one of the lowest indebted countries in the world, this is ridiculous.