Russian Central Bank Decides Not to Reopen Stock Market Trading Next Week

US News ^ | 3/12/2022 | Reuters

[marcusmaximus]

Russia's central bank on Saturday said it has decided not to reopen stock market trading on the Moscow Exchange from March 14-18, with the exception of some non-open-market transactions and transactions using the SPFI payment system.

[marcusmaximus]

Russia getting ready for their March 16 sovereign debt default next week.

Last time Russia defaulted on their sovereign debt was in 1917 after the Bolshevik Revolution.

Nice going, Pootie-Poot.

[billorites]

[JonPreston]

[Alberta's Child]

Interestingly, the only mention I've seen of "default" in Russia comes from U.S. financial reports claiming that Russia will technically be in default if they make their bond payments in rubles -- which are damn near worthless.

That's not a "default" by any definition. If I buy a U.S. savings bond, I don't expect to have it repaid in anything other than U.S. dollars.

[baclava]

LOL Russia will collapse of its own rusted weight, again!

When it’s starving and impoverished citizens start food riots it will all come tumbling down, again!

I give it 6 months till Vlad’s dead body is dragged through the streets and hung from a lamppost in the town square like Mussolini.

[SpeedyInTexas]

And he is receiving ALOT of ammunition!

[BiglyCommentary]

If the contract specifies the currency that the debt is denominated in then other than that is a default. Try paying your morgage with goats this month... lol

[chopperk]

Isn’t Communism wonderful!!!!!!!!!!!!1

[C210N]

repaid in anything other than U.S. dollars...

U.S. fiat dollars are also basically EOL, and worthless.

The only money worth anything at times like these are *physical* PMs (and, perhaps, PM-backed crypto).

[marcusmaximus]

President Ronald Reagan - “Evil Empire” Speech

https://www.youtube.com/watch?v=do0x-Egc6oA

[JonPreston]

And he is receiving ALOT of ammunition

Not to mention accolades from Western leaders for his embrace of Drag culture. Just another Churchill...

[marcusmaximus]

[marcusmaximus]

[HighSierra5]

At what point does Rasputin take this as an act of war?

[MinuteGal]

No soul, even then !

Leni

[BiglyCommentary]

Those eyes are deader than a 100 year old cadaver.

[marcusmaximus]

Putin has the same dead eyes as Hillary.

[JonPreston]

I seem to have a struck bone with the Zelenskyy in Drag gif. Is he really a hero to Neocons?

[Alberta's Child]

True. But if the lender takes steps that impair the borrower’s ability to repay the debt under its original terms, then it’s hardly a “default” anyone should lose any sleep over.

It’s sort of like a scenario where a bank lends money to a farmer, then the bank president buys a nearby piece of property and dams up the river that’s used to irrigate the farmer’s land … just so the farmer defaults and the bank president buys the debt for pennies on the dollar.

[BiglyCommentary]

The money is owed to the US government but various private entities. How did those private entities impair Russia’s ability to pay?