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Message
re: Russia slides into historic debt default as payment period expires
Posted on 6/27/22 at 10:00 am to Lakeboy7
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.
1
Posted on 6/27/22 at 10:05 am to GumboPot
quote:
The irony here is Russia is not getting further hurt by this.
Their bond rating in west is shot, done. They will never borrow money from a western bank in the foreseeable future.
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