Likely default would be long in coming since Western sanctions created payment obstacles Moscow couldn’t overcome
The Ruble’s recovery is helping prop up Russia’s economy and continue its Ukraine war effort. WSJ’s Dion Rabouin explains how Russia boosted its ailing currency and how it’s affecting the global economy. Illustration: Ryan Trefes
Econ 101: Russia's Revenue = (Quantity Oil Sold) x (Price) Sanctions reduced RU's oil quantity by (2/3) West's energy restrictions caused oil to double RU's New Revenue = (2/3) x (2) x (Revenue before War) Do you still think they will default?
Russia should consider the debt paid
I've seen these 'near default' proclamations since February, time and time again. It's meaningless.
Notice the words “was” and “poised”
Non sence !
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