Loading ...RUSSIAN DEBT DEFAULT TONITE
Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution. Moscow faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27.
https://citizenfreepress.com/breaking/russian-debt-default-tonight/
There is no way for Russia to make payments since they are locked out of the SWIFT system.
No reason to pay if the holder of the debt refuses the means for payment.
Laughable, once again.
We are killing ourselves.
“There is no way for Russia to make payments since they are locked out of the SWIFT system.” Which is why the Russian’s have an incentive to accelerate the introduction of their alternative payment system with China, India and other BRIC countries.
Correct.
Yet another backfire/blowback on the stupid moves by the West. Meanwhile, the majority of the world is getting into bed with the new BRICS alignment. Which is growing in seriousness.
How will the west survive without cheap imports from the east and south???