West pushes Russia into its first foreign debt default since 1918

Following reports that Moscow had failed to pay about $100 million in interest on two bonds during a 30-day grace period that expired Sunday, the White House said the default showed the power of Western sanctions imposed on Russia since it invaded Ukraine.

The country's finance ministry said in April that it made a $565 million eurobond that was due this year, as well as an $84 million eurobond that was set to mature in 2024. Both payments were made in US dollars, the finance ministry claimed, as required by the bond's contract stipulations.But that wasn't possible this time around, given the recent moves by US and EU authorities.

The Ukraine war still on

RussiaIsATerroristState

Defaulted part will be more POTUS ZelenskyyUa

Liars. They came up with the news themselves. They spread it themselves.

RussiaIsATerroristState RussiaIsATerroristState

But I say unto you, That it shall be more tolerable for the land of Sodom in the day of judgment, than for thee. You heard about Jesus Christ they didn't, Jesus Christ is still calling.

I really don't think it matters.

Now bloody hypocrites in power don't allow their citizens to get their income on Russia bonds.

Who calls this a default never worked in finance or banking, Russia has the money ready and plenty available but the DOJ blocked them from making any payment. This is risible and unethical to say the least.

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