AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in

 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone
 

 Russia is on the brink of defaulting on its debt for the first time since the Bolshevik Revolution, as Western sanctions for Putin's invasion of Ukraine bite

View previous topic View next topic Go down 
AuthorMessage
RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

Russia is on the brink of defaulting on its debt for the first time since the Bolshevik Revolution, as Western sanctions for Putin's invasion of Ukraine bite Vide
PostSubject: Russia is on the brink of defaulting on its debt for the first time since the Bolshevik Revolution, as Western sanctions for Putin's invasion of Ukraine bite   Russia is on the brink of defaulting on its debt for the first time since the Bolshevik Revolution, as Western sanctions for Putin's invasion of Ukraine bite Icon_minitimeSat Apr 09, 2022 6:03 pm
Moscow is on the brink of defaulting on its debt for the first time since the Bolshevik coup more than a century ago as sanctions begin to take their toll on the Russian economy.

Russia is on the brink of defaulting on its debt for the first time since the Bolshevik Revolution, as Western sanctions for Putin's invasion of Ukraine bite 56414897-0-image-a-19_1649527708494

Credit ratings agency Standard & Poor downgraded Moscow from 'junk' to 'selective default' on Friday after Russia tried to make foreign bond payments in roubles on Monday when they were due in dollars.

Putin's government is unable to make dollar payments from accounts held at American banks after the US Treasury stepped in to halt them in the latest wave of sanctions imposed on Russia for invading Ukraine.

S&P said in a statement that its decision was based partly on its opinion that sanctions on Russia 'are likely to be further increased in the coming weeks, hampering Russia's willingness and technical abilities to honour the terms and conditions of its obligations to foreign debtholders'.  

The Kremlin has warned that while it is willing to pay its foreign debts, it would do so in roubles so long as its overseas accounts in foreign currencies remain frozen.

Russia still has a 30 day grace period in which to convert the rouble payment into dollars or find some other way to avoid officially going into default.

.https://www.dailymail.co.uk/news/article-10703173/Russia-brink-default-century-sanctions-start-bite.html

no_commies
Back to top Go down
 

Russia is on the brink of defaulting on its debt for the first time since the Bolshevik Revolution, as Western sanctions for Putin's invasion of Ukraine bite

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-
 :: 

Anarcho-Capitalist Categorical Imperatives

 :: 

AnCaps' Laissez-faire Free Trade Zone
Index, Portal, Induct Yourself Here, Forum Technical Non-Assistance, Philosophy & Religion, Realpolitik Statism & Bureaucracy, Law & Order, Rights Individualism & Lifestyles, Laissez-faire Free Trade Zone, Science Technology & Environment, Psychology Edumbcation & IndoctriNation, Culture & Art, Ancapdemia's Ebony Basement, High Octane One-on-One Debate, Celebrate Evildoers' Inadvertent Contributions to Ancap Values, Idiot of the Week Award Nominees Are, Humor, Freestyle Miscellaneous, Ancaps Emporium, OZschwitz Slave Pen Downunder Boutique, Anarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist,Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy, Market Anarchism, Volunteerism, Libertarian anarchism,
Create free forum | ©phpBB | Free forum support | Report an abuse | Forumotion.com