Oleg,
ON> You can see better from Europe how we live here. You are not the ones who
ON> have been bombed every day and at night for eight years.
Show us the proof of that ...
ON> What business model? What's going on in your heads? We don't even have
ON> higher grocery prices in the stores.
Russia today needs to pay back $117 million. In theory that is such
a small amount it should not be a problem.
The problem is that the Russian government cannot redeem the dollar-denominated
coupons of its dollar-denominated debt as
a result of international sanctions without draining its foreign
exchange reserves, which are largely frozen. Moreover, the sanctions
make dollar payments by the Russian government almost impossible.
The repayment is therefore expected to be made in rubles,
something Moscow announced more than a week ago. Only that
conversion into their own currency is not allowed according
to the contracts in which the dollar loans are laid down.
In theory, Russia has a 30-day grace period to make the payment
correctly, but there is a good chance that rating agencies will
not wait for that deadline to earmark the country as a defaulter,
which means bankruptcy.
When a country defaults on its payments, collapse and economical chaos follow.
Welcome to the real word, but please keep entertaining us
--- DB4 - 20220222
* Origin: Hou het veilig, hou vol. Het komt allemaal weer goed (2:292/854)
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