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To: NorseViking

“Russia is not in a default?”

What’s happening with Russia’s 1st default on foreign debt in a century [Russia appears to default. Here’s why Putin won’t recognize it : NPR]

Updated June 27, 202210:35 AM ET
https://www.npr.org/2022/06/27/1107750231/russia-default-foreign-debt-payments-explained


67 posted on 07/22/2022 9:16:27 PM PDT by UMCRevMom@aol.com
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To: UMCRevMom@aol.com; NorseViking
Your own link shows that the default is in name only, being a function of economic warfare than an actual reflection of the state of Russia's economy, or their ability to repay:

Russia appears to have defaulted on its international debt for the first time in over a century, after Western sanctions made the country's efforts to pay its overseas creditors impossible...This put Russia on default watch as early as the spring. But Moscow kept paying its debts from currency reserves at home. In May, however, the U.S. Treasury blocked even those transfers to American investors.

68 posted on 07/22/2022 9:42:47 PM PDT by Ultra Sonic 007 (There is nothing new under the sun.)
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To: UMCRevMom@aol.com

Are you stupid or play your readers for stupid?


70 posted on 07/22/2022 11:47:08 PM PDT by NorseViking
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