Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.
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“we won’t let you transfer dollars”
“Ok I’ll pay in rubles”
“No”
“Ok then”
“Hey you can’t not pay us!”
“I tried to, in rubles”
“No, use dollars”
“You won’t let me”
Yeah pretty sure that’s not how a default works in legal terms. Seems to me that it’s western banks defaulting by failing to pay out the assets that they hold for Russia.
Stealing from someone and then claiming they owe you money that you’ve already stolen is some peak western bullshit
“If you invade there will be sanctions.”
“We don’t care”
“It will make finances not as good”
“We don’t care”
“That means you can’t pay your debts”
“We don’t care”
“Ok then”
Invade
“Hey, why can’t we pay our debts?! Let’s make up an imaginary conversation that selectively excludes critical contextual details and absolves us of blame in the most adolescent way imaginable”
🙄
Oh look we’ve got a “everyone who disagrees with me is a Russian bot” type