Russia can't pay its debts.
Nobody will trade with Russia anymore.
It is unironically over. They're going back to the dark ages.
>Russia’s finance minister revealed today that, due to sanctions, Moscow has lost access to $300 bil of Russia’s $640 bil in reserve funds. As a result, “debts in countries unfriendly to Russia we will pay in ruble equivalents.” That’s a default, folks.
twitter.com
Russia defaults due to sanctions
copes incoming. Let the russians starve
After Russia defaults, its assets can be seized.
>flag
>twitter link
lol
>Yeah let's back this country that's armed to the teeth with nuclear weapons into a corner!
Play with fire.....
nukes dont exist.
Russian national debt is $166 billion dollars.
Most of them don't work, and we have defenses against the remaining ones. MAD is over.
Well your argument seems convincing, you won me over user, thanks for helping me see the light.
chink vassalage next
cope. vatnik niggers are going to starve to death and they cant do anything about it.
That's a technical default, yes.
So is Eu's/USA's refusal to pay back 300bln invested into their economies by Russia. I like you phrase it as "lost access", but in reality it is also a technical default. Big deal.
>we have defenses against the remaining ones
Not my problem. Just let them rot. Their values for every social index were already African. Just let them rot.
>debts in countries unfriendly to Russia we will pay in ruble equivalents
This will hurt the west not Russia
People obviously don't know how wars work. When you are at war, there is very limited import and export trading. Usually the only thing you'll be importing is weapons from arms suppliers.
The money system grinds to a halt, this is why cash is useless during a war because the currency becomes war rations in order to mitigate economic influence from holders of valid currency overseas and possibly by the enemy.
America did this as well during the Gulf War in the Middle East. Everyone does this.
Russia will NOT go back to the dark ages, there's no possible way that can happen, even if they lose the war.
Once the war is over, investors will again be interested in what they have to offer, and the largest country on the planet has plenty to offer in raw resources. Just the same as every country involved in a war in the history of mankind.
The reality is, there's no better way to boost your economy, than to go to war, full blown war. The government cuts bonds, and nationalizes resources, tanks, planes, bombs, bullets and uniforms need to be built and supplied to the front.
Just as Ford was ordered to cease production of bullshit cars for the consumer, and in stead start building tanks for the war effort... Russia will order it's factories to start building to support their war effort.
This guaranteed income is what will boost their internal economy; as has for every other country in history.
Every super power today, and yesterday, became so via the ashes of full blown war.
Learn Economics Kraut faggot you cant hide behind your memeflag
That's a lot. For some reason I thought russia had no debt at all. I thought russia paid off the lend-lease debt in 2006.
>Hey Russians pay denbts
>No
>Hey Russians you didn't pay denbts so now you have to let us repossess your stuff
>No
>...okay.
Like, what the fuck is the answer here? They've already basically been marooned on an island economically speaking - I'm pretty sure if Europe could literally saw their landmass off and let them drift away they'd fucking do it. How can they be punished for defaulting?
>why were you crying?
>thingken of banan
Besides, there's still 340bln left that will last us at least until the end of the year with necessary imports. Having 640bln in reserve was a complete overkill even for a doomsday scenario.
I think we will be fine, or possibly even better than fine.