U.S. stops Russian bond payments, raising risk of default

Reuters ^ | 4/5/2022 | Megan Davies

[marcusmaximus]

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars.

Under sanctions put in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves held by the Russian central bank at U.S. financial institutions were frozen.

But the Treasury Department had been allowing the Russian government to use those funds to make coupon payments on dollar-denominated sovereign debt on a case-by-case basis.

On Monday, as the largest of the payments came due, including a $552.4 million principal payment on a maturing bond, the U.S. government decided to cut off Moscow's access to the frozen funds, according to a U.S. Treasury spokesperson.

An $84 million coupon payment was also due on Monday on a 2042 sovereign dollar bond .

The move was meant to force Moscow to make the difficult decision of whether it would use dollars that it has access to for payments on its debt or for other purposes, including supporting its war effort, the spokesperson said.

Russia faces a historic default if it chooses to not do so.

"Russia must choose between draining remaining valuable dollar reserves or new revenue coming in, or default," the spokesperson said.

JPMorgan Chase & Co (JPM.N), which had been processing payments as a correspondent bank so far, was stopped by the Treasury, a source familiar with the matter said.

[EasySt]

(and before YOU point it out, there’s no actual evidence of “Boning” there, either.)

[EasySt]

(I'm conspiracy minded. It was dick synced.)

🐸

[Does so]

Putin's Chechins are the "Kadyrovtsy".

"With indiscriminate bombardment of population centers increasing and the morale of many Russian soldiers apparently flagging, the willingness of the Kadyrovtsy to commit brutal war crimes to break resistance is a key tool in the Kremlin’s arsenal."

Ukraine's Chechins have long-held contempt for Putin and are primarily fighting the Kadyrovtsy at Mariupol.

The incentive to "commit brutal war crimes" against Ukraine's citizenry can't possibly exist!

[caww]

One killing the other across Ukraine - pretty much sums it up no matter which group they're with - and they all want to get paid before they move onto their next conflict to fight.

Frankly I don't care how many live or die there - they all knew it would come to a blood feast as bad as ISIS - and it has. Zelensky could stop it and so could Russia - but it's too late for Zelensky as Russia's already moved on to their next stage. Had I been in Ukraine as a Ukrainian I'd have as much gone to Russia if it was closest over staying in Ukraine with the beasts that would surely be coming in.

[humblegunner]

tell us you didn’t know if Biden was a pedo because there was no evidence of boning

Pretty much that, yeah. It's a Qtard trait to go around imagining
peddyfiles behind every bush ready to leap out and snatch up all the kidlets.

And how there’s nothing to be done

What exactly do you expect me to do about Biden being in office?

Is it my fault some kind of way?
Go holler at Biden or somebody who voted for him.

You seem to expect people to share your outrage about
things that ARE because things are not how they OUGHT to be.

This is madness.

[EasySt]

Just to be clear, let me remind you that YOU presented yourself in Quarentine,
AGAIN, this time to grace us with your meme making advise, I appreciated the
oppotunity you presented to disect, with my FRens, why taking your advise on
the matter is a very bad plan.

I liked the “Take it Easy” song Bags awarded me better, but the one the
QResearch Anons gave me for stealing all their memes was the most fun.

https://youtu.be/mfOVyL6TUR8

No genders allowed at QResearch, and I don’t have t*ts to show them anyway.
(TOGTFO, ya know...)

~Easy

[humblegunner]

The word you keep trying to use is “advice”.

[EasySt]

“What exactly do you expect me to do about Biden being in office?”

~~~~~~~

Sadly, I expect you to do what you have been doing all along.

Attacking people who ARE doing something, anything, about Biden
being in office.

Like it’s their fault some kind of way.

I expect people to be outraged about Evil being Large and In Charge.

I expect Evil to try to convince me that I’m Mad, and should Stand Down
instead of entertaining the “Qtarded” notion that somethings CAN be done.

As I have pointed out before, it seems you have your role, and we have ours.

~Easy

[EasySt]

Advice. Thanks. I’m always messing that one up.

[EasySt]

I’m going to have to define my mispelling to help me remember...

Examples:

Advice... Be careful, that’s still hot!

Advise... Wear your mask! Get MRNA “Vaccinated”! You Can’t post that!

And my favorite, “You need your a$$ kicked, QTard!”

[EasySt]

I would further remind you, that as far as we can tell, before you offered your
unsolicited meme-making advice, you had already jumped into the quarantine
thread to offer some kind of remark about LJ and a Jewish name?

I didn’t even try to make sense of whatever that was.

You’ve been an abusive brown shirted trollish person, with serious personal
issues that you have been attacking people because of, for long enough that it’s
no longer a secret to very many that you must be seriously suffering from
something.

And you’re serving a highly suspect agenda as a result.

“Repent before you implode.”

That’s my advice.

Besides, you’re hardly any fun any more, since you became consumed with
ragging on us.

[humblegunner]

I would further remind you

Oh lawdy, here come the reminders.

you had already jumped into the quarantine thread

Sometimes I'm jumpy like that.

I didn’t even try to make sense of whatever that was.

That's because Qtards are incapable of comprehending my sophisticated humor.

you must be seriously suffering from something.

Mostly awesomeness. It's a heavy burden.

And you’re serving a highly suspect agenda as a result.

You assign motivations and agendas in a most cavalier fashion.

Repent before you implode.

Let the Qtard who is without sin cast the first aspersion.

Besides, you’re hardly any fun any more

Now THAT... I'm sorry to hear.

Be of good cheer, though.
Karma does jump up and bite me in the ass sometimes.

On my last supply run I picked up a six-pack of green
Gatorade in 12oz bottles. Pretty straight forward, right?

Wrong. Opened one up and chugged it and was disgusted
almost unto death. This junk is "Lime Cucumber" and
clearly dreamed up by some twisted degenerate bent
on fooling innocent folks like myself into blowing
three bucks on this nasty crap that nobody in their
right mind would drink.

Didn't think I needed to read the label... green Gatorade
seemed like it wouldn't need much careful looking at
other than to note that it was green.

Karma.

[EasySt]

The word you keep trying to use is “advice”.

~~~~~~~

I gave you my advice to repent before you implode.

I've addressed your endless charges, insults, and attacks in detail, again,
and again, ad nauseum, only to have you run off embarassed like a paint chip
addicted red headed step child, and attack someone else with the same
defeatist lying bullying bs, again and again, ad nauseum.

Whatever makes Jim put up with it, I'm sure I don't even want to know.

But per my personal definition for the wongly spelled word that you assisted
me with, my "Advise" is to "Leave my FRens Alone".

~Easy

[humblegunner]

my "Advise" is to "Leave my FRens Alone"

Why?

[caww]

Well that's pretty stupid of Biden but then....considering

[EasySt]

A great many of us are convinced that what we are doing is the most
important work of our lives.

A great many of us are also convinced that what you are doing is creating
a hostile work environment. Both in the space Jim made for us, and out of it.

That may, or may not be your job, but what we do IS ours by choice.

You disrupt that work endlessly, in and out of Quarantine space, in continuous
violation of Jim’s rules, tarnishing the site’s reputaion and ability to do what it
was always best at.

What Jim gave us space to do.

What we continue to do, in spite of you.

You should find another hobby. You are interfering with Patriot stuff.

It’s Not a Game to us. It’s World War Three.

Please Don’t be the Enemy.

Do I make myself clear?

[humblegunner]

Are you taking another ass whoopin' from Easy St, bumpkin?

I've been hit harder by sick kittens.

[Mr. K]

you mean 6uild 6ack 6etter?

[Boogieman]

“1. Al Qaeda wasn’t a sovereign nation with an internationally recognized government. “

Ok, then pick a country, Iraq, Iran, North Korea, Libya, Sudan, etc. It’s not like this is the first time we have used sanctions against another sovereign nation. Why all of the sudden get upset now that it’s Russia?

“2. Al Qaeda didn’t “blow up office buildings.” They stole passenger jets right here in the U.S. and crashed them into the buildings.”

Splitting hairs doesn’t inspire confidence that you actually have some meaningful point to make.

“And the U.S. has done nothing since then but allow a flood of illegal immigrants to come here with little or no vetting at all. You going to take these duplicitous people seriously when they tell you anything?”

No, I don’t accept what they tell me at face value, neither do I take the overly simplistic approach of automatically rejecting any fact that they might attest to. If they say “the sky is blue”, I don’t assume that it must be red now just because they lied about other things, because that would be foolish.

Thinking critically means thinking critically about all information you receive, both from sources that tend to agree with your worldview and sources that tend to disagree, and not just automatically accepting or rejecting sources based on your biases. Making decisions based on your biases is the exact opposite of critical thinking.