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re: Russia slides into historic debt default as payment period expires
Posted on 6/27/22 at 9:56 am to Padme
Posted on 6/27/22 at 9:56 am to Padme
quote:
Seems Russia is in the right, if the debt holder doesn’t accept payment, then case closed.
Unless the Bond contract says you make bond payments in USD...its a technical term called a contract.
1
Posted on 6/27/22 at 10:00 am to Lakeboy7
quote:
Unless the Bond contract says you make bond payments in USD...its a technical term called a contract.
What does the "contract" say and how do sanctions alter it?
The irony here is Russia is not getting further hurt by this. With sanctions in place it's not like they can sell bonds to western interest currently. So the only people getting hurt by this are current Russian bond holders in the west.
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