Inside Russia's High-Wire Act to Avoid Default

[applegrove]

Inside Russia’s High-Wire Act to Avoid Default

March 25, 2022 at 4:03 pm EDT By Taegan Goddard 7 Comments

https://politicalwire.com/2022/03/25/inside-russias-high-wire-act-to-avoid-default/

"SNIP.......

“Some payments arrived on time. Others hit several days late. And an increasing number are getting stuck in a web of financial intermediaries that are struggling to comply with international sanctions against Russian President Vladimir Putin and his allies,” Bloomberg reports.

“A month since the country’s invasion of Ukraine, investors are starting to realize just how narrow the path is for Russia — and some of its biggest corporations — to avoid default. That’s casting a pall over a country that was once a darling of emerging-market investors and now looks set to lose 15 years of economic gains by the end of 2023.”

.......SNIP"

[rurallib]

1. Russia realized the severe consequences of defaulting. Yet here in America

we have Republicans threatening every couple of months to block legislation that keeps our debt payments up. Thus they would cause a HUGE self-inflicted wound on the country that would affect everybody adversely.

Do these idiots even have a clue what they are threatening to do?