Replies

Default: Finance. failure to meet financial obligations, as when a borrower misses or stops making monthly loan payments.

So, the Russian Federation is in default on payments to other nations (US Treasury, EU, China, IMF, whomever). The Russian Federation offered to make these debt payments, in full, in its own currency (the ruble) or gold or some other asset that it has to spend, or to try and refinance these debt payments to avoid default.

(Mainly), the US Treasury said eff you to the Russian Federation and demanded it pay in US Dollars or some EU currency (because Muh Ukraine sanctions), or it would be in default of its debt to other countries and entities.

So the US Treasury won't accept Russian rubles or gold or oil or natural gas or food or any of the many assets that Russia can use to service its debt, because muh Ukraine sanctions.

The US and EU are cutting their citizen's throats and starving their own children to:
--preserve the illusion that PedoClown_TheWhore regime cannot be wrong.
--preserve the illusion that the EU and the WEF cannot be wrong.
--preserve the illusion that the USD and the Euro have any legal or financial strength or backing, except unicorn farts and hopium.
--preserve the illusion that the hearty and valiant people of Ukraine are comprised of anything but a few corrupt oligarchs and sycophants at the top, who have been raping their own country (and ours/yours) for years, and are ready to run for the border and their paid-for-by-US-citizen-taxpayers mansions conveniently located in Not The Ukraine.
--continue to use the Russian and Ukrainian mafia, banks, NGOs and other Not The Ukraine entities to: Launder US citizen taxpayer money, to: Embezzle and Commit Fraud and Insider Trading to launder US citizen taxpayer money, to: build bioweapons labs and conduct WMD research, manufacture and dissemination of WMD research and capabilities (that could not be done on US or EU soil), to: continue the fleecing, money laundering and embezzlement (of their citizens) by the US Congress, the Executive branch, the M.I.C., the world-wide intelligence agencies,
--to destroy military hardware, ship obsolete military hardware, test new and untested military hardware against a credible Enemy (conveniently not China), and to renew military contracts for new and expensive military hardware to replace that pissed away against the Russian Air Force and Russian artillery.
--continue to bleed the Ukrainian citizenry in a futile and laughable effort versus the Russian Bear and its artillery train. If and when the wheels come off (and they will), the slaughter of civilians will be seen from orbit, and Russia will not care. Look for the sadistic glee from the West with shouts of Genocide and Atrocity and Slaughter.

I'm sure I've missed a few.

Completely avoidable. Completely futile.

Planned. Executed. Timetable. Control. Fear. Coercion. Propaganda (on all sides). Money Laundering. Embezzlement. Insider Trading. Fraud. Organized Crime. Blackmail. Espionage. Big Brother Nanny State. Innocence. Human Trafficking. Child Sex Trafficking. Whorenalism. Cold Winter. Starvation. Chaos. Atrocity. Genocide. Slaughter. Possible Nuclear War with Russia.

Tears. It always ends in Tears.

One other addendum to your analysis:

Russia was able to pay their debts to other nations thanks to a US Treasury loophole that allowed it to continue paying in spite of the sanctions.

The US Treasury then decided to close that loophole, rendering it impossible for Russia to pay in foreign currency thanks to the sanctions and the exclusion from SWIFT.

It would be equivalent to your mortgage company refusing to accept American dollars for the monthly payment, refusing to accept alternative payment arrangements, and then declaring you in default regardless (even though you were *able* and **willing** to repay).