Exactly. I’m trying to figure out the downside for Russia in all this. The big global financial players have already wreaked havoc on Russia’s economy, so what difference does it make to the Russian government anymore? If anything, they’d be foolish NOT to default on their debt. Paying their debt obligations at this point would be like making your mortgage payments after the police have seized your home in a civil forfeiture case.
Well stated, exactly.
Russia has the most natural resources of any one country and it isn’t even close. As far as owing debt, their government, sovereign debt is very low.
They could pay but will leverage nonpayment for concessions on these idiotic sanctions being thrown around like confetti.
The companies that’ll make a financial killing in Russia over the next 5 years, will be the one that can work around sanctions.
Which they will because the globe needs resources and Russia has them in spades.