Russia threatens legal action if forced into sovereign debt default

[sl8]

https://www.reuters.com/world/europe/russia-will-take-legal-action-if-forced-into-sovereign-debt-default-newspaper-2022-04-10/

Russia threatens legal action if forced into sovereign debt default

April 10, 2022
6:42 PM EDT
Last Updated 12 hours ago

April 11 (Reuters) - Russia will take legal action if the West tries to force it to default on its sovereign debt, Finance Minister Anton Siluanov told the pro-Kremlin Izvestia newspaper on Monday, sharpening Moscow's tone in its financial wrestle with the West.

"Of course we will sue, because we have taken all the necessary steps to ensure that investors receive their payments," Siluanov told the newspaper in an interview.

[...]

Russia faces its first sovereign external default in more than a century after it made arrangements to make an international bond repayment in roubles earlier this week, even though the payment was due in U.S. dollars.


[...]

[C_U_L8R]

1. Does Rudy and the clown posse have a new job?

[essaynnc]

2. We'll sue, we'll sue !!

Says the donald.....

[LetMyPeopleVote]

3. No one cares

[bluedigger]

4. They're willing to settle their differences in court?

That's progress, I guess.

[Phoenix61]

5. They'll lose. The contract states what currency the

the payments will be made in and it’s not rubles.

[lagomorph777]

6. I thought Putin was all about ILLEGAL action.

I don't think he's likely to find a sympathetic jury anywhere on this planet.

[ripcord]

7. We will take that up after they appear in court to face war crimes accusations n/t