War in Ukraine: Russia soon unable to pay its debts, warns agency (bbc.co.uk)

3 comments

[ 2.8 ms ] story [ 32.1 ms ] thread

> increase the probability of a policy response by Russia that includes at least selective non-payment of its sovereign debt obligations

This article is missing reality. Russia is already defaulting on its debt, by no longer paying out coupons on bonds for foreign holders.

I think lenders can be pretty sure that the outstanding debt is gone more or less.

Block cash reserves, you get problems in payment. What would you expect?