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Russia defaults on foreign debt for first time since 1918 - The Boston Globe
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.
The sanctions are starting to hurt. The first Russian default since 1918.
Really? LinkThe first Russian default that the media ever noticed, is more like it.
Governments default on most all of their payments to others.
The first Russian default that the media ever noticed, is more like it.
Governments default on most all of their payments to others.
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Russia defaults on foreign debt for first time since 1918 - The Boston Globe
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.
The sanctions are starting to hurt. The first Russian default since 1918.
So Biden and his groomer-crat counterparts in Europe want Russia’s economy to collapse. Which will do wonders for all the countries that rely on Russian natural resources and energy. It would likely trigger a global collapse and of course war. But hey, the important thing is you can all point and laugh at the bankrupt Russian farmer, while our farmers will be stuck without much needed fertilizer.This may be a better link:
Russia Slips Into Historic Default as Sanctions Muddy Next Steps
(Bloomberg) -- Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsHyundai...finance.yahoo.com
Yet Russia is willing to pay, at least outwardly. This move by the West degrades faith in their institutions. Every country in the world now understands that a new reserve currency is needed. A currency that cannot block access to a country's own money due to the capricious whims of a handful of corrupt bankers.Why would Russia want to pay debt money back to countries that are trying to collapse its economy using sanctions and a proxy war to bring down the government?
Just goes to show how important it is not to rely on others. Situations like this highlights that fact.So Biden and his groomer-crat counterparts in Europe want Russia’s economy to collapse. Which will do wonders for all the countries that rely on Russian natural resources and energy. It would likely trigger a global collapse and of course war. But hey, the important thing is you can all point and laugh at the bankrupt Russian farmer, while our farmers will be stuck without much needed fertilizer.
Like who? The countries that have sanctions and embargoes already? Though you Limeys should be worried, you have little to offer the world in comparison to Russian resources.Just goes to show how important it is not to rely on others. Situations like this highlights that fact.
A country defaulting will make others hesitant to do trade with them.
Which is why most of Asia and Africa would rather do trade with China and Russia than with the US.Just goes to show how important it is not to rely on others. Situations like this highlights that fact.
A country defaulting will make others hesitant to do trade with them.
Us Limeys aren't worried, but you Septic Yanks are.Like who? The countries that have sanctions and embargoes already? Though you Limeys should be worried, you have little to offer the world in comparison to Russian resources.
You should be. We have resources, you fools do not. You have very little of value to offer the world.Us Limeys aren't worried, but you Septic Yanks are.
So Biden and his groomer-crat counterparts in Europe want Russia’s economy to collapse. Which will do wonders for all the countries that rely on Russian natural resources and energy. It would likely trigger a global collapse and of course war. But hey, the important thing is you can all point and laugh at the bankrupt Russian farmer, while our farmers will be stuck without much needed fertilizer.
Yes of course you have, Chlorinated Chicken and McDonalds super size to keep the lard supplies stocked up.You should be. We have resources, you fools do not. You have very little of value to offer the world.
More like oil, gas, coal, vast tracts of agricultural lands, lumber, mineral resources, and can match or exceed anything your country has to offer. The world is changing, the technology gap that insulated the West is closing quickly, and nobody is going slow down because Western bankers tell them to. That ship sailed when the West told Russia they couldn't access their own money.Yes of course you have, Chlorinated Chicken and McDonalds super size to keep the lard supplies stocked up.
