“The first default since 1918”: the West itself did not let Russia pay off its debts

Western media report a default, which allegedly threatens Russia due to non-payment of foreign debts. On the evening of June 26, the grace period for late payments on bonds in the amount of about $100 million ended.

This will be the first default for Russia since the Bolsheviks waived tsarist-era debt in 1918.

- writes Bloomberg.

Meanwhile, Russia has the necessary funds to pay off the debt. However, the West imposed financial sanctions on Moscow, as a result of which the Russian Federation is unable to transfer dollars to pay its obligations.

In such a situation, Vladimir Putin signed a decree on the possibility of paying the debt in rubles. At the same time, the Russian authorities are confident that Western countries are trying to create a "man-made default" for the Russian Federation, which has no economic justification. So, earlier, Russian Finance Minister Anton Siluanov announced that the country would not default, since it was possible to pay the debt in rubles.

At the same time, Russian debt has already been purchased by many investors and is risk-free, as many credit default swaps and derivatives have been traded on it. Therefore, as the Western publication points out, such a “default” does not mean anything for ordinary Russians.
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  1. Igor Viktorovich Berdin 27 June 2022 12: 05
    author, and defaulted in the 90s. ? In addition, now we are not paying, but the West does not want to receive payment ....
    1. k7k8 Offline k7k8
      k7k8 (vic) 27 June 2022 12: 14
      Quote: Igor Viktorovich Berdin
      author, and the default in the 90s

      1. As one of the local so-called. writers (we will not point fingers), without an author - this is news (as in this case). In other words, a sketch (which that writer did not refute). Therefore, it is not necessary to be conducted and pay attention to such.
      2. Most likely, the possible "parent" of this in the "dashing 90s" was at a tender age, and therefore simply does not remember such details of recent history.
      1. The comment was deleted.
        1. The comment was deleted.
    2. Vladimir Tuzakov (Vladimir Tuzakov) 28 June 2022 12: 35
      The main goal of prohibiting the Russian Federation from paying in foreign currency was to humiliate the Russian Federation and show financial and other weaknesses. So you need to answer directly, declare "Force Majeure" a ban on payments in foreign currency and DO NOT PAY to anyone, sending creditors to solvers of prohibitions ... No need to apologize when they "hit you in the face", but clearly fight back, let the creditors be left without anything to the will of the Fed and others ... Yes, our mongrels from the Central Bank of the Russian Federation are only taught to suck up in the US Yale corridors, they will lose their hundreds of billions of dollars, and give strangers to a cent ...
  2. Avedi Offline Avedi
    Avedi (Ankh) 27 June 2022 13: 08
    that's all you need to know about our bald minister ... zoo lards about .. th .. and he is still sitting happy
  3. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 27 June 2022 14: 51
    “Frozen”, but actually stolen by the West $ 300 billion. more than cover about $60 billion. public debt, including those $100 million.
    For the loss of half of the gold reserves of the state, in any other state formation of the world, Aunt Elvira and Uncle Anton would at least be imprisoned for life, but in our country they were not even deprived of their positions.
    Now they don’t seem to mind paying more, but they don’t have the opportunity to transfer dollars to pay the obligations of the Russian Federation, and their Western partners turn up their noses from paying in rubles at the exchange rate on the day of payment.
  4. InanRom Offline InanRom
    InanRom (Ivan) 27 June 2022 16: 34
    In principle, after the brazen theft of Russian assets abroad, we should not pay a penny at all. Nobody.

    “It seemed strange to me that Finance Minister Anton Siluanov made a statement in early March that Russia would continue to fulfill its obligations on previously received sovereign loans and loans, that is, it would pay interest on them and repay them on time. The West has declared a war of annihilation on us, but we continue to play by the rules of peacetime and are even going to appeal to international justice, which, as you know, is under the complete control of the collective West,” Doctor of Economics, Professor Valentin Katasonov.

    Another bad thing. For example, there are about $100 billion on Gazprombank's foreign accounts, plus approximately the same amount in aggregate with other companies. And even more. Now all this money under the pretext of "default" can be "arrested". That is to steal again. And the authorities will again begin to cry that Russia was robbed. Although they could have been spent long ago on goods needed by the country, primarily on equipment for reindustrialization. Which for some reason is never launched. And what - again no one will answer for the theft of Russian assets?
    in the meantime:

    The Ministry of Finance continued to increase the part of the NWF in the currencies of the aggressor countries - it seems that they have something to freeze "in the second round": for example, its corresponding currency components were increased in May from 38,6 to 51,6 billion euros, from 4,2, 5,6 to 600,3 billion pounds and from 809,8 to XNUMX billion yen.
  5. Pivander Offline Pivander
    Pivander (Alex) 28 June 2022 12: 21
    Quote from InanRom
    For example, there are about $100 billion on foreign accounts of Gazprombank.

    What is this nonsense ?!

    Euros come to Gazprombank from a gas buyer. Gazprombank - sells these Euros on the stock exchange for Rubles. Rubles are credited to the account of Gazprom. Only then the transaction is considered completed. If you arrest the Euro on the account of Gazprombank, it's just to arrest your own money. Since the deal will not be completed and the buyer will not receive gas.

    That is, Gazprombank does not have OWN money on foreign accounts - there is only money from Euro customers waiting for ruble buyers from the exchange.