“…Holders of Russian bonds will receive $87.5 million in coupons as well as $359 million in principal payments….”
*****************************************************************
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.
Agree. We should sanction ourselves.
One can’t hardly avoid thinking about the US debt while reading this.