ak> Can Russia pay his check saying "take the money from the frozen actives
ak> if you want to get money"?
I think that's possible but the question is "whose assets are frozen" and "who
owes the interest on the outstanding loans" ? Abramovich is not going to use
his assets to pay the debts of the Russian state ...
The precedent however would be dangerous because when the time comes when the
loan(s) need to be repayed in full this could dramatically reduce Russia's
foreign assets.
These foreign assets are a guarantee and represent a substantial part of
Russia's total assets, so when the assets in the west are reduced then Russia
overal becomes poorer. Economists, even Russian economists, will explain that
is a no-no ...
Not paying is the worst because that would send Russia's credit rating through
the bottom of the barrel. So Russia must seek a solution, and Rubles is not a
valid international monetary instrument.
\%/@rd
--- DB4 - 20220222
* Origin: Hou het veilig, hou vol. Het komt allemaal weer goed (2:292/854)
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