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Sberbank unable to make due bond payments in Euros and USD denominations agreed upon when selling the bonds.

Trying to pay in Rubles.

Sberbank is one of Russia’s largest banks with over 100 million customers.

That's not good.

You espected something else, Lucy?

Why would they care?

You do know a number of Countries have setup 2nd Party Rube Accounts..
This has just started many cards to Play..
Make some Beer Money ..
Hahahahaha..

Really?
I know that Russia has setup these types of accounts to take contract specified Euros and USD$ Payments and once the payments are received in those currencies then the Russians do the change over to Rubles for those accounts.

Are we talking the same thing here?

You’re right, this has a ways to go.

Default on some of your debts and see what it does to your credit and what it will cost you to borrow again later on.

That’s why they would care.

He does not understand the difference with Russia taking payments for energy and Russia making payments to service Dollar/Euro denominated bond interest payments.

I also agree there is a lot of plays left in this game.

Diesel is $5.65/gal here. Pretty much every single thing I can think of besides weed is rising in cost on a weekly/monthly basis (legalized growing weed here so apparent the street price has dropped in half).
Our freedoms are being eroded at an accelerated rate, we’re likely in a recession already, our elections are a joke, our media the propaganda wing of our government and our Govt is a bigger threat than anything foreign.

Yep, let’s spend our energy worrying about what Russia is doing in Ukraine you Fugkin idiots.

Nobody gives a schit you dumbshit. As noted above, we have far worse things to worry about. Take your war porn and shove it up your ass.

The Russians are and will be just fine without the west but the western bond holders are screwed.

No it’s not good especially for purposes of contagion when they’re multiple and consistent.

Ha!

Dude … Hahahahaha Hahahahaha

The Russians basically aren't allowed to participate in the Western economy due to sanctions. Again, I ask, why would they care about defaulting on some loans?

As someone else pointed out, the only losers are Western bond holders. If it weren't for the sanctions, the Russians would have made the payments. FJB?

I see what you’re saying but They have the gold and can honor their debts.

Doing that would take money away from their war efforts with Ukraine.

Bond payments to western holders can be paid out of seized Russian assets if need be.

The only reason they would pay would be to keep up their credit rating. But since the west put sanctions on them, no one can loan them money anyway.

Nope.

Many entities/countries can “loan them money” and easily take payments in kind.

Down the road their costs of borrowing could be very high.

That’s really fugging funny. The proceeds if they can sell them in the next 5 years goes to Ukraine and Biden. Bond holders ain’t going to see a dime. Plus the fact that Biden shut off the only way to sell off such worthless bonds.

https://www.congress.gov/bill/117th-congress/senate-bill/4283

S.4283 - A bill to authorize the confiscation of assets of the Russian Federation and the use of such assets to offset costs to the United States of assistance to Ukraine.