“If Russia Defaults will the USA officially confiscate Russian Assets to make the banks whole”
You mean like the $600 million in Russian reserves held by those banks that supposedly can’t be used by Russia to pay the bond debt?
I’m so confused….
Can’t wait for the next round of US bonds to hit the market to see who’s buying…
It’s crazy, the USA has frozen assets that belong to Russia but are deposited in US Banks.
Russia defaults, what happens if the USA takes those frozen Russian Assets and pays the debts of Russia, avoiding a default and the triggering a debt crisis.
You have to ask yourself if you are foreign country with deposits in US Banks, how comfortable are you with the idea that at any time the USA could confiscate your assets...