Russia, Belarus squarely in 'default territory' on billions in debt -World Bank

[Budi]

Link to tweet

The World Bank warns that sanctions have pushed Russia and Belarus into debt default territory

https://www.reuters.com/markets/europe/russia-belarus-squarely-default-territory-billions-debt-world-bank-2022-03-09/?utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR3fZZMqIn_eCxQnjr7cLq6P3SOOrdghVxuXcQDaLq6ssC7KaucYErXIqGY
Russia, Belarus squarely in 'default territory' on billions in debt -World Bank

Russia and Belarus are edging close to default given the massive sanctions imposed against their economies by the United States and its allies over the war in Ukraine, the World Bank's chief economist, Carmen Reinhart, told Reuters.

The specter of Russia defaulting on $40 billion of external bonds - its first major such default since the years following the 1917 Bolshevik revolution - has loomed large over markets since a raft of sanctions and countermeasures by Moscow have largely cut the country out of global financial markets.
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[Budi]

1. Stock market can't crash if it never opens!

Link to tweet

Russian central bank says stock market will not open Thursday

Thursday. Still closed.

[dchill]

2. Sounds like a plan. A Putin plan.