Sanchez01:

Russia's external reserve is hidden away in the United States. The United States sanctioned Russia and froze its external reserve, meaning Russia's $300 billion is not theirs at the moment. In theory, Russia has $300 billion external reserve in the United States. Technically, Russia is semi broke.

The United States does not need to be the IMF or World Bank to sanction a war mongering country.

Oddfinder:

America is not IMF or World bank
Russia have not committed any financial crime or monetary malpractice to warrant sanctions against their reserves thus making those sanctions useless..
Just watch as events unfold and learn a thing or two about how manipulative and oppressive ur masters, US are

Sanchez01:

BMC's are better than Putin bots. These ones are mentally lazy to think for a minute. All they know or want to believe is that Russia will win against the United States. Finance, economy, sanctions, international relations and economic wars are too much for them to comprehend. It's exhausting.

helpee:
How? This guy is just spewing rubbish. All the assets are seized already... even the one belonging to oligarchs... private citizens. What assest do you now want to seize again.? Rather it is Russia than can nationalise companies like macdonald. Already, Russia already told airlines not to return planes they leased. They should be flying it for free for now. You want to take over assets you have already taken over?

Sanchez01:

You have been claiming Russia can easily print Ruble and pay their creditors easily but that is impossible. They signed a deal and Russia decided it would pay in USD in the contract. This means anything short of the Dollar is default. It is ignorance to think Russia can print Russian Rubles (monies) and take them in million bags to their creditors. The bond is denominated in Dollars. They must pay back in Dollars, nothing more, nothing less.

Oddfinder:

External reserves and debt are managed and regulated by international laws. Established by the world bank and IMF..anything else is tantamount to stealing by theUS

Sanchez01:

If Russia is unable to pay in Dollars, they will default without a doubt and that means their assets whether in Russia or outside of Russia will be seized on the spot and become the temporal assets of the lenders/investors.

You still don't understand why Russia is running helter skelter over this and it's strange that you don't understand what a sovereign default is capable of unleashing on any nation.

sapientia:


This one actually think NL is world village meeting

Think what we say here matter to Anyone

Sanchez01:

I mean, you easily take the crown in the ranks of the Putin boys but let me break it down to you.

1. Russia approached American business lenders for loans (bonds).
2. Russia chose to denominate their bond in Dollars, meaning they will also pay interests in Dollars.
3. Russia signed a contract, offering some of its assets as collateral in case it defaults totally and is unable to pay back the loans (bonds).
4. If Russia defaults, interests on the bonds will shoot through the roof.
5. When it does, Russia would be in trouble as the lenders will declare Russia a defaulter.
6. If No 5 happens, the lenders will seize Russia's assets used as collaterals in securing the bonds.
7. The assets, depending on the terms of the contract signed could be in Russia or outside of Russia.
8. Note that the lenders here are not the United States government or its close tied agencies. They are financial institutions operating in the United States and could be owned by Americans.


Just take your time, think for a minute and digest the points above. Perhaps you will understand better.

shogz89:

They have Siezed most if not all Russia asset outside of Russia, even those owned by citizens. They cant currently seize Russia's asset that is currently sitting in Russia, Rather it is Russia that will seize western asset currently in Russia. Russia is currently about to seize hundreds of leased commercial Aircraft.

Sanchez01:

Just stick to PDP/APC bants. This is beyond your thought process.

helpee:
There is nothing greener about hypocrisy. It shows we love USA. Only Friends criticises objectively. Fake friends like you are the real enemies. You see the truth but you are so scared of saying it because of what you will eat

Experts also say that given Russia’s ratio of GDP ($1.65 trillion) to external debt ($478.2 billion), which does not exceed 25%, the country is financially stable, which supports Siluanov’s earlier statement that the West is trying to drag Russia into an “artificial default.”

Russia also has special drawing rights (SDRs) in the International Monetary Fund, which are not subject to sanctions, and analysts say these could also be used to pay its national debt if other measures fail.


https://www.rt.com/business/552061-russia-makes-bond-payment/

MangekyoAlt:

Russia's debt is actually smaller than I expected. Meanwhile USA's external debt is bigger than their entire GDP. 20.94 trillion USD to 30 trillion USD debt
Imagine say na USA receive these sanctions wey russia receive. There would've been no hope for their stupid asses

Sanchez01:

This man!

You can't brag about what you don't know! If the contract of Russia's loans, for example state that Russia would give up its oil refineries and its products for 15 years if it is unable to pay off the loans (bonds) and their interests, then it means Russia would lose its refineries to lenders, whether or not Russian assets outside the shores of Russia are seized.

However, Russia is most likely to suffer higher interests than the above happening and their sovereign credit rating impacted. This means nations will be unwilling to lend Russia money. Russia has been agitated about their repayment today and have even claimed to have made payment to CITIbank already.

Please, enough. Haba!

Mynd44:

This is different as this is about countries and not individuals.

The bondholders are Americans etc whose countries froze the accounts. These countries also froze accounts of people who are not even linked to the war atlethes etc.

Now Russia is doing the same. The West imposed sanctions so the people cann pressure Putin. Putin has also held these funds there so the bondholders can pressure US and co to lift the sanctions

sosanova:




Putin is a real confused comedian, him and his team know nothing about Economics.
The sanctions has affected their sense of reasoning.
US really fucckked Russia up economically , psychologically and financially

Experts also say that given Russia’s ratio of GDP ($1.65 trillion) to external debt ($478.2 billion), which does not exceed 25%, the country is financially stable, which supports Siluanov’s earlier statement that the West is trying to drag Russia into an “artificial default.”

Russia also has special drawing rights (SDRs) in the International Monetary Fund, which are not subject to sanctions, and analysts say these could also be used to pay its national debt if other measures fail.


https://www.rt.com/business/552061-russia-makes-bond-payment/

valentineuwakwe:
Despite the war, the Russians are still meeting up to there obligations....

But wait n soon you will be hearing Nigerian leaders blaming the war btw Ukraine/Russia as the cause of rising food prices, power blackout, bad road, even the reason why tinubu wants to run for presidency. .lol

Frankiss44:


Just walk to any Nigerian bank right now and study the downward slop of the Russian Ruble compared to that of the US dolls and tell us who is facing terrible inflation right now... If your phone is smart enough, you can save yourself the stress of going to the bank sha

Sanchez01:

The condition of their bond is to pay in USD. They chose that. They will automatically default if they move to pay in Ruble.

Sanchez01:

No. The US has no obligation to honour the cheque. Russia is the debtor and it must pay. It is due today and it might get worse for them here one out. We talking about $150 billion default nightmare for Russia.

The United States anticipated this and carefully waited for this to happen.

What's worse is the sharp rise interest on the default, foreign assets seizure (already seized via sanctions), political pressure from its own domestic bondholders and being cut off from future bonds. We are talking almost instant chaos in Russia and its economy.

All the US needs to drive the last nail in is to announce that Russia has defaulted.

sosanova:




.



Putin is a real confused comedian, him and his team know nothing about Economics.
The sanctions has affected their sense of reasoning.
US really fucckked Russia up economically , psychologically and financially

https://www.reuters.com/business/finance/russia-rouble-payment-usd-coupons-would-be-sovereign-default-fitch-2022-03-15/

DerrickzB:


Honestly, I was expecting you to economically break down what this all entails and how it would either favor or disfavor Russia. Na wa

Invitationn:

There's no USD on ground.
It still beats me how seizing a sovereign states' asset is not an act of war in international law.

Personally, I no dey joke with my property. For me, that's the ultimate act of war.

ecolime:

They are simply telling all their creditors they have more than enough money to service their debts. But US has frozen the money, so dont disturb us. Tell the US to unfreeze it

Russia is right on this one IMO. It's an artificial default.. lol

This guy's level of madness na grade 1.

BTW, Ukraine has accepted to be a neutral state so why prolong the war again?

NGArmyTerrorist:
My love for Putin! They have the money in their foreign account which is in US and they want to use that money to pay, they are not spending shi shi from Russia paying for those bonds. Since the bond had matured, US should unfreeze the account so that creditors can get their money back simple. Russia had messed up US.. The ball had been shifted to the court of US; let's hear their reasons and defence on why they will not unfreeze the account so that creditors can their their money back. Russia not owing anybody. US is becoming useless day by day! Holding US in the scrotum!

drmuchin:


VERY STUPID

Idaytesj29:


No currency is actually useless, we all agree the world over to make dollar the only currency of international trade. This has always been a potent weapon in the hands of the US against any perceived enemy in the world.

Its about time the world decentralize the finance system by adopting other currencies to make it 3 or 5 currencies for International trade. USD, EURO, YUAN and AFRICAN Shillings. This will reduce the total dependency on USD and increase ease of doing business.