Russia is gunna default, innit?
lol at this world.
>We won't take your money
>You defaulted on your loan
If Russia is banned from the western financial system anyway what difference does a default make?
lmao theyre literally throwing money at america
>nah, dats defolt
i dont think any other country in the world does that
kek
The bond documents contained the line "payment in any currency is possible". Putin has outplayed everyone.
I wonder what their opinions are, essentially I understand when Putin said "If I allow you to pay is say, Euros; and I cannot use Euros to buy things because I am being sanctioned, isn't that like giving away oil for free?" Actually a fair arguement to be honest, but I am here neutrally asking what do you all think?
>Thanks for your responses to my obvious memeflag Russkibros, just wondering what is going on. All media and it is hard to get opinions that are validated through objectivity unless it is from actual people.
Essentially, what would the repercussions look like and how will the mainstream media's lackeys spin this in all nations?
It is about to occur and I wonder if it is setting up some casus belli for war.
>russia would like to pay
>US: no thanks we don't want your money
>this means russia may be in trouble
>not US for not getting the money they need
*circus song playing in background*
RUSSIA IS GONNA COLLAPSE ANY DAY NOW U GUIZE, JUST TWO MORE WEEKS
Meanwhile in reality their economy is doing better than expected.
Nah, that's also political nonsense, but a good joke in light of the (((sanctions))). It accomplished the goal of simultaneously devaluing the euro and increasing the ruble's value, a great move.
FPBP
Can the US use Russian money in all fairness, while Putin was correct to ask nations to open accounts in Ruble; wouldn't it be an obvious power play disregarding all the sanctions accordingly, and mostly stating we will need you to lift the sanctions so that you can spend those rubles we just gve you?
Checked, I think this is a rational answer thanks Canadabro.
I also think it's wise love it or hate it.
>take a loan in another country
>bank bans you from paying back this loan
No my problem.
Default on what?
It doesn’t matter, they want you to take part in the Jewish game. Checking out of the game is a sin that many have died for.
>You owe us $100 million
>We will not let you pay us, though
>This is your fault
>You should've just paid us even though we won't let you
>You're now in default
Payments to Western nations who won't accept rubles; like Russia will not accept Euros and Dollars. What are the implications of people trusting money less because it is being used as a weapon?
The problem is private bondholders and whether they'll physically be able to receive money, regardless of currency used. Anyone can use any bill from any country, or perform forex transactions with them, the problem is that transactions at the bank level involves inter-bank transfers and the likes. Russia has not issued any restrictions that I know of on ruble movement, but there is a ban on shorting ruble (that is set to expire on june 1).
Will the BIS be involved in such a dispute, please, excuse my ignorance. I know Switzerland recently became an unfriendly nation in Russia's eyes.
>America makes money because all oil needs to be payed in Dollars.
Russia just implemented their own version of the petrodollar. and if the west don't want to buy their cheap gas then China and India will be happy to buy it all. A market 7 times the size of Europe.
Russia will not lose sleep nor money over cocky Euro's freezing their balls off next winter.
My question was rhetorical. If you default on paying back that loan made to you by your friend, because you wanted to buy boardwalk while playing monopoly, does the monopoly loan have any implications for your day to day transactions? (The loan was issued in monopoly money)
As far as I know, nothing truly happens when a country defaults except banks will set their interest rates for these countries higher than before and may be more reluctant to loan them anything. For a country like russia that has next to no debt, it doesn't matter whatsoever.
If anything, under normal circumstances, it is the IMF that gets involved, not the BIS.