Sri Lanka and Russia, these two countries this year failed to pay their debts to creditors, but what is the difference between these two countries? why are creditors going after the Sri Lankan government? whereas creditors are less concerned when Russia defaults on their debts? that's because Russia has plenty of resources at their disposal and money in Chinese banks or creditors are too afraid to protest against Putin.
Sri Lanka is bankrupt and doesn't have any forex reserves. On the other hand, forex reserves of Russia is one of the largest in the world, and they have enough funds to make the interest payments. These two countries can't be compared side by side, as the situation is entirely different. One similarity that I could notice is that the ruling class is extremely corrupt in both the cases. But at least in case of Russia, the rulers have made sure that their corruption won't result in the total bankruptcy of the country.
Is Russia swimming in money? Yes, they even refuse to put out their fires because it is already expensive for Russia. So, the Federal Forestry Agency of the Russian Federation stated that part of the forest fires in Yakutia, the Magadan Region and the Chukotka Autonomous Okrug will not be extinguished. The Russian authorities do not give a damn about nature, and, perhaps, massive clearings are attributed to fires. Such a move from a country whose army invades and seizes foreign territories is not surprising. The Russian occupiers are also exporting grain from Ukraine, so this is not the first time they have been given theft for something else. Huge areas will be allowed to burn: in the Chukotka Autonomous Okrug - 22,100 thousand hectares, in the Magadan Region - 2,200 thousand hectares and 5.8 thousand hectares in Yakutia.
Regarding the default. This is how international sanctions work. Even if Russia can pay this amount, but the sanctions have made it such conditions that it cannot do it. Sanctions are designed to make sure that the aggressor does not feel free in this world and put pressure on him in any non-military way so that he stops the war he unleashed in Ukraine.
Regarding the default. This is how international sanctions work. Even if Russia can pay this amount, but the sanctions have made it such conditions that it cannot do it. Sanctions are designed to make sure that the aggressor does not feel free in this world and put pressure on him in any non-military way so that he stops the war he unleashed in Ukraine.
LOL.. this is what you got? A few forest fires raging in Siberia is the sign that Russia is bankrupt.
