Monday, June 27, 2022

Sanctions Push Russia to First Foreign Debt Default Since Bolshevik Revolution

Hopefully, this will help to accelerate end of the political career of Putin the Terrible!

Supposedly, Reuters reported that the holders of the debt are resident in Taiwan. If true, then this might be deliberate by Russia to please China.

"... Russia missed payments on two foreign-currency bonds as of late Sunday, according to holders of the bonds. The day marks the expiration of a 30-day grace period since the country was due to pay the equivalent of $100 million in dollars and euros to bondholders. ..."

Sanctions Push Russia to First Foreign Default Since Bolshevik Revolution - WSJ A debt default has been long in coming since Western sanctions created payment obstacles Moscow couldn’t overcome

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