No problem, just send me over those discredited currencies and I will send you back the strong roubles you like so much.
Currency markets are prone to panic attacks amid sharp geopolitical changes. Right now, the exchange rate of the ruble against the dollar and the euro has returned to the price levels "before the operation", but even more indicators are not the exchange rate on the currency exchange, but the exchange rate on Aliexpress - how much the ruble is worth in China's internal opinion. It reached 150 rubles per dollar, and right now the dollar costs 86 rubles. 
Topic: Russia announced a default on foreign obligations!!! - page 2. (Read 534 times)
Well, then for "purely technical reasons" no financial institution is going to "technically be able to buy" Russian debt. It is as simple as that, most funds and institutions and certainly the largest ones have mandates that will not allow them to invest in bond from a country that has defaulted. And make no mistake, Russia is not the one that is able to decide if it has defaulted, that task goes to the S&Ps and Moodys of this world (rating agencies).
You are right, regardless of whether the default is technical or real, declaring a default will close the market for foreign borrowing in dollars and euros for Russia. It has already been closed by sanctions, without any default.Fair point. A default however does has long term consequences, not only a temporary withdrawal from a payments system or the temporary retention of funds, it is something that rises interest rates in the long term and cannot be "lifted" as easily as a sanction.
I would say that business are going to become difficult in the future. For disclosure, I think that Russia does have a good income stream from exports so it will modulate the effect of a default.
No problem, just send me over those discredited currencies and I will send you back the strong roubles you like so much.
Russia announced a default on foreign obligations!!!
Today something happened that probably no one expected so quickly. As it turned out, not only the army is fake in Russia, but also the financial system and economy. What is your opinion, gentlemen - why did the "super-power" with the "strongest international weight" deflate so quickly?
Interestingly the only default made was that payment was made in Rubles instead of dollars which I don't really think is a very big default for a country that is in such a flux situation, they have sanction imposed from everywhere so naturally their currency is under a great hit at this time, so technically they will have to pay in some alternate way and Paying in your own currency is the easiest way, European agencies would obviously call this as a default in their attempt to disregard the Russian economy but I think one should consider the situation of both the sides before making any opinion. Today something happened that probably no one expected so quickly. As it turned out, not only the army is fake in Russia, but also the financial system and economy. What is your opinion, gentlemen - why did the "super-power" with the "strongest international weight" deflate so quickly?
Of course, Russia was bombarded with hundreds of sanctions, and its reserves in other countries were taken away. A full-fledged economic war, so Russia is trying to get out of this situation. Payment in another currency is the most realistic way out of this situation.
I don't expect anything else from the CNN. A default occurs when the interest payments are not made on time. In this case, Russia has offered payments to the creditors. The only catch here is that the payment is being offered in Rubles and not in USD or EUR. And how is it possible to blame Russia? They are under sanctions and their forex reserves are frozen. And the same guys who have frozen the forex reserves are now asking for the payments in USD or EUR. This is similar to the scenario where many of the European nations are now making the payments for Russian oil and gas in Rubles.
You are now trying to "twist the information." I will explain to you with an example. You are the owner of a shop, let somewhere in New York. You sell delicious pastries. A lumpenized boor comes into your shop, demands to get him 20 cakes, is rude, calls names. But ignore him and do your job. You pack it all in a beautiful box and say - 50 DOLLARS from you! And this miracle takes out banknotes from the Monopoly game, and says - on, here's your payment, you don't need change! And he tries to leave. This is what happened with Russia and its obligations. She tried to pay with some kind of junk paper instead of currency. Therefore, the payment was not counted, the obligations remained, the situation became essentially default. And do not invent fairy tales about what they paid for. Well, or you must accept copies of bills from the Monopoly game as payment for your work! You are ready ?
No, I understand that now some will sing the mantras "this default is not such a default", "this is not the correct default, only Russia should declare it", "we all believe that it is not such a default". But a fact is a fact - Russia has not been able, and will not be able in the foreseeable future, to fulfill all the conditions for calculating external debts! please tell me - who needs the ruble, if they lent dollars or euros? There is no need to tell "at least a ruble is better than nothing" - there will be no option with "nothing", there will be a forced seizure of assets, there will be a fine, there will be prosecution of assets around the world. And so many more times - this year Russia is waiting for at least 2 huge payments!
So what happened that the "greatest economy" suddenly ran out of dollars?
So what happened that the "greatest economy" suddenly ran out of dollars?
It could drain out easily. The foreign reserves are actually maintained by central national banks and only spent as and when required. I’m pretty sure after the war broke out and businesses went down (MNC’s), they had to sell out most of the asset and on the other hand they might have imposed with restricted transactions. With the time Putin got more sanctions and thus the foreign repository might have been used to recover the unwanted expenses off shores and fund the current war operation. Imagine share market situation within Russia, Ruble devaluing Like hell and foreign reserves depleting. Seems like disaster.
Well, then for "purely technical reasons" no financial institution is going to "technically be able to buy" Russian debt. It is as simple as that, most funds and institutions and certainly the largest ones have mandates that will not allow them to invest in bond from a country that has defaulted. And make no mistake, Russia is not the one that is able to decide if it has defaulted, that task goes to the S&Ps and Moodys of this world (rating agencies).
You are right, regardless of whether the default is technical or real, declaring a default will close the market for foreign borrowing in dollars and euros for Russia. It has already been closed by sanctions, without any default.Fair point. A default however does has long term consequences, not only a temporary withdrawal from a payments system or the temporary retention of funds, it is something that rises interest rates in the long term and cannot be "lifted" as easily as a sanction.
I would say that business are going to become difficult in the future. For disclosure, I think that Russia does have a good income stream from exports so it will modulate the effect of a default.
I don't expect anything else from the CNN. A default occurs when the interest payments are not made on time. In this case, Russia has offered payments to the creditors. The only catch here is that the payment is being offered in Rubles and not in USD or EUR. And how is it possible to blame Russia? They are under sanctions and their forex reserves are frozen. And the same guys who have frozen the forex reserves are now asking for the payments in USD or EUR. This is similar to the scenario where many of the European nations are now making the payments for Russian oil and gas in Rubles.
Well, then for "purely technical reasons" no financial institution is going to "technically be able to buy" Russian debt. It is as simple as that, most funds and institutions and certainly the largest ones have mandates that will not allow them to invest in bond from a country that has defaulted. And make no mistake, Russia is not the one that is able to decide if it has defaulted, that task goes to the S&Ps and Moodys of this world (rating agencies).
You are right, regardless of whether the default is technical or real, declaring a default will close the market for foreign borrowing in dollars and euros for Russia. It has already been closed by sanctions, without any default.Fair point. A default however does has long term consequences, not only a temporary withdrawal from a payments system or the temporary retention of funds, it is something that rises interest rates in the long term and cannot be "lifted" as easily as a sanction.
I would say that business are going to become difficult in the future. For disclosure, I think that Russia does have a good income stream from exports so it will modulate the effect of a default.
.....
Breathe deeply, you are excited. This is your country, your history and you have to live with it. I think there is nothing wrong with making a coup - if the attempt was successful. This is the case when "winners are not judged." The revolution of 1917 in Russia was also a coup, it was called a revolution later. Yanukovych could not hold on to power, so he is just a loser. Why does Ukraine need a loser president? Even a comedian is better than a loser.
Breathe deeply, you are excited. This is your country, your history and you have to live with it. I think there is nothing wrong with making a coup - if the attempt was successful. This is the case when "winners are not judged." The revolution of 1917 in Russia was also a coup, it was called a revolution later. Yanukovych could not hold on to power, so he is just a loser. Why does Ukraine need a loser president? Even a comedian is better than a loser.
The expected answer when the conversation moves from the realm of fiction and propaganda to reality and verifiable facts! The main thing is to continue to mumble "it was a coup"
No. This is your self-hypnosis, because to the reasoned, verifiable, chronology of the process that took place in Ukraine, you could not oppose anything, except to continue, stupidly, repeat the mantras about the coup Your level of knowledge and dialogue, I understand, did not surprise me, continue on, but already among those where thinking is out of the question Well, then for "purely technical reasons" no financial institution is going to "technically be able to buy" Russian debt. It is as simple as that, most funds and institutions and certainly the largest ones have mandates that will not allow them to invest in bond from a country that has defaulted. And make no mistake, Russia is not the one that is able to decide if it has defaulted, that task goes to the S&Ps and Moodys of this world (rating agencies).
You are right, regardless of whether the default is technical or real, declaring a default will close the market for foreign borrowing in dollars and euros for Russia. It has already been closed by sanctions, without any default. When Russia has been thrown out of SWIFT system, how they are supposed to pay their debt in USD?? It seems OP has fallen prey of US media manipulation.
Read the actual news here,
https://www.reuters.com/world/europe/russia-will-take-legal-action-if-forced-into-sovereign-debt-default-newspaper-2022-04-10/
Hope it makes sense! Russian government has already made arrangements to repay the debt in Rubble instead of USD. It isn't a default.
Read the actual news here,
https://www.reuters.com/world/europe/russia-will-take-legal-action-if-forced-into-sovereign-debt-default-newspaper-2022-04-10/
Hope it makes sense! Russian government has already made arrangements to repay the debt in Rubble instead of USD. It isn't a default.
There is actually no inconvenient in paying the debt, being out of SWIFT system simply makes automated electronic transactions more difficult, but certainly does not impede payments made in a more traditional way. In the case of the debt, the problem is not being out of the system, is not willing or not being able to actually honour the debt. It is a default, period.
To be fair, it wasn't Russia who announced the default, and Russia in fact went angry about being classified this way and threatened with legal action. And, even though I'm Ukrainian, I must admit that Russia makes a good point that the issue is not with being unable to pay (not having the money), but with artificial limitations set by the sanctions (not having USD). But what's good is that the very fact of classifying Russia as being under selective default can cause panic selling and withdrawals of investors from the Russian market.
Regardless of your background, this is no reason to wishful thinking. I explain, and it can be checked. For the calculation of external obligations, so as not to violate contractual relations, are currently open. The only caveat is that they are open in currencies in which contractual obligations are carried out. Those. if Russia was credited in euros - here is an IBAN account for you in euros, if you were credited in dollars - here is an IBAN account for you to pay in dollars. The remaining accounts are blocked, and any receipts are blocked in accordance with the sanctions. So, Russia, instead of properly fulfilling its obligations and paying off the debt in euros, with a payment in euros, decided to turn on the "God mode" again and tell everyone that "and now we will pay our debts in rubles, because we are so decided!". Further explain what happened? I will explain - yes, the rubles, which no one needed, went to other accounts, where they were blocked. To leave then the rubles left, but they did not pay off the debt ... And this is logical. As a result, Western creditors have voiced that what is happening is, in fact, a default. What is wrong here?
Let's put it simply - you came to the supermarket, picked up groceries, and at the checkout you pay for groceries with banknotes that you issued in your family, well, just for fun. Tell me - what will happen to you at the exit after an attempt to close the arisen financial obligations to the supermarket?
Well, then for "purely technical reasons" no financial institution is going to "technically be able to buy" Russian debt. It is as simple as that, most funds and institutions and certainly the largest ones have mandates that will not allow them to invest in bond from a country that has defaulted. And make no mistake, Russia is not the one that is able to decide if it has defaulted, that task goes to the S&Ps and Moodys of this world (rating agencies).
Paying in Monopoly money is not accepted except in Monopoly.
So sure, go ahead on the official version of the "denials department" of the "Russian Ministry of Dark Humour and Fantasyland tales", it makes no different whatsoever to all the decision-makers that will not be buying Russian debt in a long long time.
Putin "response" is not related to frozen reserves. Putin doesn't need reasons for "shitty response", he can fabricate them himself.
Thinking different means big flaw in one's logic. Just ask yourself: what was first, his attack or the sanctions? And if so, what was the reason for his shitty attack?!
Do not be fooled, if you look at the essence of things, or at least a little deeper than the surface, then at least 80% of the responsibility for the armed conflict between Russia and Ukraine lies with the United States. The United States is the main beneficiary of this conflict, it weakens Russia in one fell swoop, shifts the attention of Americans from internal problems to external ones and, with the imposed sanctions policy, actually destroys a strong competitor in the face of the European Union. In Ukraine, the puppet government after the coup on the Maidan, and deliberately cultivate anti-Russian sentiment in Ukraine, the United States began back in 2004 with the coming to power of Yushchenko. A similar US policy is being pursued in Taiwan towards China.Thinking different means big flaw in one's logic. Just ask yourself: what was first, his attack or the sanctions? And if so, what was the reason for his shitty attack?!
Taiwan doesn't want the Chinese government to invade them like they did with Hong Kong. The policy isn't as aggressive with Taiwan as the U.S. was with Ukraine. This is obvious because of geographical reasons, Ukraine's ambition to join NATO and such, but the U.S. interest in Taiwan lies within their microchip production. I don't think China would allow puppet government installation in Taiwan but that wouldn't be needed anyways, Taiwan is anti-CCP.
Putin "response" is not related to frozen reserves. Putin doesn't need reasons for "shitty response", he can fabricate them himself.
Thinking different means big flaw in one's logic. Just ask yourself: what was first, his attack or the sanctions? And if so, what was the reason for his shitty attack?!
Do not be fooled, if you look at the essence of things, or at least a little deeper than the surface, then at least 80% of the responsibility for the armed conflict between Russia and Ukraine lies with the United States. The United States is the main beneficiary of this conflict, it weakens Russia in one fell swoop, shifts the attention of Americans from internal problems to external ones and, with the imposed sanctions policy, actually destroys a strong competitor in the face of the European Union. In Ukraine, the puppet government after the coup on the Maidan, and deliberately cultivate anti-Russian sentiment in Ukraine, the United States began back in 2004 with the coming to power of Yushchenko. A similar US policy is being pursued in Taiwan towards China.Thinking different means big flaw in one's logic. Just ask yourself: what was first, his attack or the sanctions? And if so, what was the reason for his shitty attack?!
Taiwan doesn't want the Chinese government to invade them like they did with Hong Kong. The policy isn't as aggressive with Taiwan as the U.S. was with Ukraine. This is obvious because of geographical reasons, Ukraine's ambition to join NATO and such, but the U.S. interest in Taiwan lies within their microchip production. I don't think China would allow puppet government installation in Taiwan but that wouldn't be needed anyways, Taiwan is anti-CCP.
To be fair, it wasn't Russia who announced the default, and Russia in fact went angry about being classified this way and threatened with legal action. And, even though I'm Ukrainian, I must admit that Russia makes a good point that the issue is not with being unable to pay (not having the money), but with artificial limitations set by the sanctions (not having USD). But what's good is that the very fact of classifying Russia as being under selective default can cause panic selling and withdrawals of investors from the Russian market.
Regardless of your background, this is no reason to wishful thinking. I explain, and it can be checked. For the calculation of external obligations, so as not to violate contractual relations, are currently open. The only caveat is that they are open in currencies in which contractual obligations are carried out. Those. if Russia was credited in euros - here is an IBAN account for you in euros, if you were credited in dollars - here is an IBAN account for you to pay in dollars. The remaining accounts are blocked, and any receipts are blocked in accordance with the sanctions. So, Russia, instead of properly fulfilling its obligations and paying off the debt in euros, with a payment in euros, decided to turn on the "God mode" again and tell everyone that "and now we will pay our debts in rubles, because we are so decided!". Further explain what happened? I will explain - yes, the rubles, which no one needed, went to other accounts, where they were blocked. To leave then the rubles left, but they did not pay off the debt ... And this is logical. As a result, Western creditors have voiced that what is happening is, in fact, a default. What is wrong here?
Let's put it simply - you came to the supermarket, picked up groceries, and at the checkout you pay for groceries with banknotes that you issued in your family, well, just for fun. Tell me - what will happen to you at the exit after an attempt to close the arisen financial obligations to the supermarket?
To be fair, it wasn't Russia who announced the default, and Russia in fact went angry about being classified this way and threatened with legal action. And, even though I'm Ukrainian, I must admit that Russia makes a good point that the issue is not with being unable to pay (not having the money), but with artificial limitations set by the sanctions (not having USD). But what's good is that the very fact of classifying Russia as being under selective default can cause panic selling and withdrawals of investors from the Russian market.
Regardless of your background, this is no reason to wishful thinking. I explain, and it can be checked. For the calculation of external obligations, so as not to violate contractual relations, are currently open. The only caveat is that they are open in currencies in which contractual obligations are carried out. Those. if Russia was credited in euros - here is an IBAN account for you in euros, if you were credited in dollars - here is an IBAN account for you to pay in dollars. The remaining accounts are blocked, and any receipts are blocked in accordance with the sanctions. So, Russia, instead of properly fulfilling its obligations and paying off the debt in euros, with a payment in euros, decided to turn on the "God mode" again and tell everyone that "and now we will pay our debts in rubles, because we are so decided!". Further explain what happened? I will explain - yes, the rubles, which no one needed, went to other accounts, where they were blocked. To leave then the rubles left, but they did not pay off the debt ... And this is logical. As a result, Western creditors have voiced that what is happening is, in fact, a default. What is wrong here?
Let's put it simply - you came to the supermarket, picked up groceries, and at the checkout you pay for groceries with banknotes that you issued in your family, well, just for fun. Tell me - what will happen to you at the exit after an attempt to close the arisen financial obligations to the supermarket?
To be fair, it wasn't Russia who announced the default, and Russia in fact went angry about being classified this way and threatened with legal action. And, even though I'm Ukrainian, I must admit that Russia makes a good point that the issue is not with being unable to pay (not having the money), but with artificial limitations set by the sanctions (not having USD). But what's good is that the very fact of classifying Russia as being under selective default can cause panic selling and withdrawals of investors from the Russian market.
Russia announced a default on foreign obligations!!!
Today something happened that probably no one expected so quickly. As it turned out, not only the army is fake in Russia, but also the financial system and economy. What is your opinion, gentlemen - why did the "super-power" with the "strongest international weight" deflate so quickly?
Today something happened that probably no one expected so quickly. As it turned out, not only the army is fake in Russia, but also the financial system and economy. What is your opinion, gentlemen - why did the "super-power" with the "strongest international weight" deflate so quickly?
in fact Russia has not defaulted on its debts even though the US Treasury blocked the transfer and prevented Russia from using its frozen foreign currency reserves to pay its debts. Russia categorically rejects the idea of defaulting on its debt repayment cases, Kremlin spokesman Dmitry Peskov said. some analysts familiar with say Russia has the means and the ability to pay until May 25.
1. A coup is the seizure of power by unconstitutional means.
2. On February 22, 2014, the Verkhovna Rada adopted a resolution on "self-elimination from the exercise of constitutional powers" of the current President of Ukraine Yanukovych. "Self-elimination of the president from the exercise of constitutional powers" is not indicated in the list of grounds for early termination of the powers of the head of state. Yanukovych's state of health was quite normal, the impeachment procedure was not carried out, that is, formally and in fact, a coup took place in Ukraine.
You can call it a color revolution according to the training manual of Bernard-Henri Levy, but the essence of this will not change - a coup is a coup.
2. On February 22, 2014, the Verkhovna Rada adopted a resolution on "self-elimination from the exercise of constitutional powers" of the current President of Ukraine Yanukovych. "Self-elimination of the president from the exercise of constitutional powers" is not indicated in the list of grounds for early termination of the powers of the head of state. Yanukovych's state of health was quite normal, the impeachment procedure was not carried out, that is, formally and in fact, a coup took place in Ukraine.
You can call it a color revolution according to the training manual of Bernard-Henri Levy, but the essence of this will not change - a coup is a coup.
1. Excellent! We remember the keyword - NOT in a CONSTITUTIONAL way. Or simply - in violation of local law. Yes ? By the way - why did you decide to modestly miss one very important point in the discussion of this issue - the constitutional system of Ukraine? This is, after all, a parliamentary-presidential one. Those. the main branch of power is PARLIAMENT? All right?
That's right, because it's written in the Constitution of Ukraine!2. And now we come to your amazing set of "facts"
Let's simplify and ask a simple question - why are you lying? Are you deliberately lying? I'm ready to prove it here, and any participant can check the evidence! So, what was the essence of the "coup" process - After almost a week, the President of the Country did not appear at his workplace, did not get in touch, did not give any orders in any other way), the Verkhovna Rada voted for a resolution in which it was pointed out the need to temporarily assign the duties of the head of state to the chairman of the Verkhovna Rada (Alexander Turchynov. - The Verkhovna Rada has the right to such decisions) in connection with the self-elimination of Yanukovych.No one removed Yanukovych from power or overthrew him. In the resolution of the Verkhovna Rada (dated February 22, 2014.), it is only about the fact that his powers are assigned to Turchynov in connection with the self-elimination of Yanukovych. The reason for the adoption of such a resolution was the absence of the president at the workplace, the lack of communication with him and the aggression that had begun in Crimea.
The next day, February 23, 2014, information became available that it was Yanukovych, violating the Constitution of Ukraine, who called, on the alleged behalf of Ukraine, to send Russian troops to forcefully suppress popular rallies requiring compliance with the law.
Viktor Yanukovych fled from Ukraine to Russia on the night of February 23, 2014 (before that, he had been hiding since mid-February, did not fulfill his obligations, did not get in touch, did not appear at the workplace).
According to the investigation, immediately after arriving in the Russian Federation, Yanukovych entered into an agreement with the Russian authorities to obtain preferences and further residence in Russia. The former president is charged with "encroachment on the territorial integrity and inviolability of Ukraine", "high treason" and "waging an aggressive war." The investigation believes that the Kremlin used Yanukovych as the alleged acting head of state to "legitimize the presence of Russian troops in Ukraine and the occupation of part of Ukrainian territory."
Notice how different your version and mine are. Yours - built on propaganda, mine - on historical facts?
I would strongly recommend that you stop lying, besides, it is so primitive - all the facts can now be checked very simply When Russia has been thrown out of SWIFT system, how they are supposed to pay their debt in USD?? It seems OP has fallen prey of US media manipulation.
Read the actual news here,
https://www.reuters.com/world/europe/russia-will-take-legal-action-if-forced-into-sovereign-debt-default-newspaper-2022-04-10/
Hope it makes sense! Russian government has already made arrangements to repay the debt in Rubble instead of USD. It isn't a default.
Read the actual news here,
https://www.reuters.com/world/europe/russia-will-take-legal-action-if-forced-into-sovereign-debt-default-newspaper-2022-04-10/
Hope it makes sense! Russian government has already made arrangements to repay the debt in Rubble instead of USD. It isn't a default.
How ? Isn't it too simple?? They are just supposed to STOP THE WAR!! They are supposed to stop killing people and do unspeakable things to the females. They are trying to erase Ukraine from the map and at the same time even if they were threatened by the NATO there were many things that could have been done rather than bombing quite a peaceful country.
- They had a choice and they still have a choice and they have to understand that they are just leaning over and Putin just wants to be Hitler 2.0, nothing else.
Russia is dependent for sure but some of the European countries are also dependent on Russia as well, that what makes the whole system functioning in order.
it's not Russia but some company just bragging about that they offered to be paid in roubles, they denied and so now thinking it's a default, not more
They have to understand the terms and conditions, clearly, a default is a default but at the same time how are they able to fund the continuous shelling and at the same time pay off everything that's due ?
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