|
Post by sevenofnine on Jun 26, 2022 16:31:17 GMT -5
It coming folks Vlady dont have alot of legs room to stand on so memo to world leaders don't be moron invaded your neighbors Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. The country faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27. But it could take time to confirm a default. “While there is a possibility that some magic could occur” and Russia gets the money through financial institutions to bondholders despite sanctions, “nobody’s making that bet,” said Jay S. Auslander, a top sovereign debt lawyer at the firm of Wilk Auslander in New York. “The overwhelming probability is they won’t be able to because no bank is going to move the money.” Last month, the U.S. Treasury Department ended Russia’s ability to pay its billions in debt back to international investors through American banks. In response, the Russian Finance Ministry said it would pay dollar-denominated debts in rubles and offer “the opportunity for subseq apnews.com/article/russia-ukraine-foreign-debt-sovereign-322dd9b66c6954063ef810c5922f0315?utm_source=Facebook&utm_medium=AP&utm_campaign=SocialFlow&fbclid=IwAR33TOaCD9iG7RU2L8WZRXw0_XRA45EfyfzkiyTHhGKGG9LAxk0HItK5Jxc
|
|