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Post by sevenofnine on May 25, 2022 16:37:50 GMT -5
Let me that lesson for your upcoming dicators no country want do with business if you invaded your neigbors OKAY LOL! The United States didn’t extend its license to Russia to pay bondholders Wednesday, as part of sanctions against the invading country, edging Russia closer to debt default, according to a report. It would be Russia's first default on international sovereign bonds in more than 100 years since the Bolshevik Revolution, according to Reuters. Russia has so far managed to pay its foreign debt obligations, despite a raft of financial sanctions from the U.S. and its European allies over Moscow's invasion of Ukraine. The license, which expired at 12 a.m. ET Wednesday, had allowed the country to make interest payments on sovereign debt - and Russia will owe nearly $2 billion before the end of the year to international creditors. www.foxbusiness.com/economy/russia-default-debt-payments-us-license-pay-bondholders?cmpid=fb_fbn&fbclid=IwAR1zaW_QRreh62ryGRJq20347e3CI8ZltPcbYM_MQPY1L3rVmHCQ5og2fM4
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