Moscow has defaulted on its foreign debt, says S&P

[Litwin]

Moscow HORDE has defaulted on its foreign debt, says S&P


London (CNN Business)Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.

Russia has defaulted on its foreign debt, says S&P

Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.

edition.cnn.com

the things are MOVING much faster THE LAST DAYS , one for sure our SANCTIONS WORK

Boeing, Exxon, Apple join Western firms spurning Russia over Ukraine. 'He has no idea what's coming': Biden sends message to Putin

Ukraine does not matter to us. If it did we would have put troops there months ago. The EU has three times the population of Russia, vastly more wealth, and supposedly more military equipment. Why do they need us? They don't and we don't need another European war. We would? Hate to tell...

www.usmessageboard.com

 

[okfine]

Moscow HORDE has defaulted on its foreign debt, says S&P


London (CNN Business)Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.

Russia has defaulted on its foreign debt, says S&P

Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.

edition.cnn.com

the things are MOVING much faster THE LAST DAYS , one for sure our SANCTIONS WORK

Boeing, Exxon, Apple join Western firms spurning Russia over Ukraine. 'He has no idea what's coming': Biden sends message to Putin

Ukraine does not matter to us. If it did we would have put troops there months ago. The EU has three times the population of Russia, vastly more wealth, and supposedly more military equipment. Why do they need us? They don't and we don't need another European war. We would? Hate to tell...

www.usmessageboard.com

And Russia did default. First time in 100 years.

Russia defaults on foreign debt for first time in more than a century

The Kremlin, which has the money to make payments thanks to oil and gas revenues, swiftly rejected the claims, and it has accused the West of driving it into an artificial default.

www.nbcnews.com

 

[Jim H - VA USA]

It's strange that the Ruble is stronger than ever....

1 RUB to USD - Russian Rubles to US Dollars Exchange Rate

Get the latest 1 Russian Ruble to US Dollar rate for FREE with the original Universal Currency Converter. Set rate alerts for RUB to USD and learn more about Russian Rubles and US Dollars from XE - the Currency Authority.

www.xe.com

Russia says they actually made the payment in May:
Russia says that any default is artificial because it has the money to pay its debts but that sanctions have frozen its foreign currency reserves held abroad.

Russia’s Finance Ministry said it made the payments to its onshore National Settlement Depository in euros and dollars, adding it had fulfilled obligations.

In a call with reporters, Kremlin spokesperson Dmitry Peskov said the fact that payments had been blocked because of Western sanctions on Russia was “not our problem.”

Kremlin rejects debt default claims

The Kremlin has rejected claims it has defaulted on its external debt for the first time in more than a century, after a grace period on $US100 million ($144 million) interest payments ran out.In a call with reporters, Kremlin spokesperson Dmitry Peskov said Russia made bond payments due in May...

au.news.yahoo.com

I am not pro-Russia, but I don't know whom to believe. If Russia actually sent the money in dollars and euros, but the West blocked the payment, is that really default?

[Edit: Here is Russia's official response....]

Press review: West’s payment block part of ‘default’ scheme and G7 plans Russian gold ban

Top stories from the Russian press on Tuesday, June 28th

tass.com

 

[okfine]

It's strange that the Ruble is stronger than ever....

View attachment 663507

1 RUB to USD - Russian Rubles to US Dollars Exchange Rate

Get the latest 1 Russian Ruble to US Dollar rate for FREE with the original Universal Currency Converter. Set rate alerts for RUB to USD and learn more about Russian Rubles and US Dollars from XE - the Currency Authority.

www.xe.com

Russia says they actually made the payment in May:
Russia says that any default is artificial because it has the money to pay its debts but that sanctions have frozen its foreign currency reserves held abroad.

Russia’s Finance Ministry said it made the payments to its onshore National Settlement Depository in euros and dollars, adding it had fulfilled obligations.

In a call with reporters, Kremlin spokesperson Dmitry Peskov said the fact that payments had been blocked because of Western sanctions on Russia was “not our problem.”

Kremlin rejects debt default claims

The Kremlin has rejected claims it has defaulted on its external debt for the first time in more than a century, after a grace period on $US100 million ($144 million) interest payments ran out.In a call with reporters, Kremlin spokesperson Dmitry Peskov said Russia made bond payments due in May...

au.news.yahoo.com

I am not pro-Russia, but I don't know whom to believe. If Russia actually sent the money in dollars and Euros, but the West blocked the payment, is that really default?

Russia claims it was forced default.

 

[Litwin]

And Russia did default. First time in 100 years.

Russia defaults on foreign debt for first time in more than a century

The Kremlin, which has the money to make payments thanks to oil and gas revenues, swiftly rejected the claims, and it has accused the West of driving it into an artificial default.

www.nbcnews.com

ulus sucks

 

[HandleTheTruth]

The sanctions are working. All Russia has to do is quit attacking it's neighbors.