Waiting till next fall for the great default.
Posted on 04/01/2022 1:32:16 PM PDT by marcusmaximus
Russia once again avoided a default on its foreign debt as the Kremlin transferred a $447 million bond payment.
The payment was processed by JPMorgan, which is Russia’s foreign correspondent bank. It was then transferred to the admin agent, which in this instance is BNY Mellon, sources familiar with the matter told The Post.
JPMorgan got the go-ahead from the Biden administration, which imposed sanctions on the Russian economy following President Vladimir Putin’s invasion of Ukraine, before processing the payment, Markets Insider reported.
JPMorgan and BNY Mellon both declined to comment when reached by The Post.
Holders of Russian bonds will receive $87.5 million in coupons as well as $359 million in principal payments.
Since Russia was hit with sanctions, bond payments are taking longer to be processed through the system.
This is the second time in as many months that Russia avoided defaulting on its debt.
(Excerpt) Read more at nypost.com ...
See what happens to the Russian economy by next fall. Fall of the Soviet Union redo.
And wait until Dementia Joe opens the border for real in a few weeks. More consequences of a stolen election.
Keep the bidens away from that 447 million.
That if the West won’t fall first.
I’ll bet their oil exports are in the 15-20 billion dollars a month range.
The while “Russian finacial collapse” thing is a scam. They are rolling in pertrol dollars or rubles, or whatever.
“…Holders of Russian bonds will receive $87.5 million in coupons as well as $359 million in principal payments….”
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Hmmmm…. Paying down their national debt (currently at a relatively low 17% of GDP) while not being able (because of sanctions) to refinance the debt or borrow new debt. Enforced financial discipline. I just wish the American government would have similar financial discipline - but voluntary.
For all their problems, Russia has a relatively low debt and can absorb much of the sanctions. It depends on how long this lasts.
The stolen election was a consequence of Usurpation Day.
Everything that was done to hobble Trump and cheat him out was bipartisan just like Usurpation Day.
All the Russians have to do is call the Germans and tell them to take care of the payment.
You know, once again, this month, I avoided having my house foreclosed upon. Because, I, like, paid my mortgage.
But it wasn’t front page news. I just paid the bill.
Still importing Russian oil daily - so we are paying you could say.
Trump will be back and there should be hell to pay to everyone responsible for what happened and is happening now.
Biden is Russo-compromised. Of course Biden is still importing Russian oil and issuing waivers to keep KBP Putin from defaulting on his debt to Democrat and RINO donors.
They probably already took their cut
If you don’t care about the Ukraine issue, why do you keep posting in Ukraine threads?
It will be booming from massive oil, gas, fertilizer sales to India and China.
Waiting till next fall for the great default.
Not a chance.
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