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Russia announced a default on foreign obligations!!!

Today something happened that probably no one expected so quickly. As it turned out, not only the army is fake in Russia, but also the financial system and economy. What is your opinion, gentlemen - why did the "super-power" with the "strongest international weight" deflate so quickly?  :)

The article I saw on CNN said russia paid its foreign debt in rubles rather than us dollars.


Which the S & P called a default.

But it can still be worked out and a settlement made.

When Russia has been thrown out of SWIFT system, how they are supposed to pay their debt in USD?? It seems OP has fallen prey of US media manipulation.

Read the actual news here,

https://www.reuters.com/world/europe/russia-will-take-legal-action-if-forced-into-sovereign-debt-default-newspaper-2022-04-10/

Hope it makes sense! Russian government has already made arrangements to repay the debt in Rubble instead of USD. It isn't a default.

No, I understand that now some will sing the mantras "this default is not such a default", "this is not the correct default, only Russia should declare it", "we all believe that it is not such a default". But a fact is a fact - Russia has not been able, and will not be able in the foreseeable future, to fulfill all the conditions for calculating external debts! please tell me - who needs the ruble, if they lent dollars or euros? There is no need to tell "at least a ruble is better than nothing" - there will be no option with "nothing", there will be a forced seizure of assets, there will be a fine, there will be prosecution of assets around the world. And so many more times - this year Russia is waiting for at least 2 huge payments! :)

So what happened that the "greatest economy" suddenly ran out of dollars? :)

They were frozen and some article says its over 100 billion USD combined with total of 640bn reserves frozen due to these sanctions so they can't really pay in USD now and if there is a way probably in gold? ???

Well, western countries are in need of rubles right now this can be the game changer because the Russia's announcement that unfriendly countries can only buy their oil with ruble means USD actually becomes worthless in Russia,this ain't affected the USD value but it just showed that USD may fall and lose its reserve currency status if they lose more countries relationships and start imposing sanctions.

In my opinion, Russia's default is not such an important event (against the background of other events).  In fact, this is one of the episodes of the economic war between Russia and the West. 

On the one hand, Russia is not being given the opportunity to repay its debt obligations, and on the other hand, Russia does not want to spend the rest of its gold and foreign exchange reserves, which have not yet been confiscated. 

By the way, the default was announced by one of the largest infrastructure companies in the Russian Federation - Russian Railways. 

It seems to me that now all financial subtleties are not important.  The basic global agreements have already been violated and this will of course have long-term consequences for the whole world.  Now the real economy is coming to the fore - logistics, container transportation, agriculture, industrial production, communications, telecommunications, speed and quality of managerial decision-making.  Otherwise, hunger, destruction of infrastructure, man-made disasters, etc. 

No one pays any attention to the risks of defaults.  This is not a serious threat.

More than half of the amount of 640 billion reserves of Russia, which were in banks outside of Russia, were frozen. In addition, the assets of sanctioned Russian enterprises, their officials, oligarchs and even ordinary citizens are also frozen for the implementation of the imposed sanctions. It is assumed that in the future they will be used to compensate for the damage caused by Russia's military operations in Ukraine.

Russia's problem is that it is not a high-tech state. Its economic power rested on energy resources, which it simply extracted from its bowels. As soon as the international community took a number of measures, including the refusal to supply Russian oil, gas and coal, Russia "deflated".

The Russian military is now deliberately heavily destroying infrastructure in Ukraine. Therefore, the civilized world must use any means to crush the unbridled aggressor country.

Russia's problems are fools and roads. What you call a problem is simply a configuration feature that naturally follows from the colossal excess of natural resources. The West deprived Russia of luxuries with sanctions, not thinking that Russia could deprive the West of basic necessities in response. Therefore, it is not necessary to wishful thinking, the West would like to get rid of Russian oil and gas, but so far it is not very successful.

No, the situation does not look like this. It is not entirely clear to me why or why you are presenting information either "twisted" or taken out of context. Let me explain - no matter how Russia boasts of its exaggerated greatness, the sanctions themselves hurt the financial sector. Yes, a significant part of the assets, including banking ones, were blocked, and here, indeed, Russia no longer manages them. And yes, disconnecting from SWIFT introduced a lot of restrictions. BUT. It is for oil / gas / coal settlements that accounts are not blocked and hotel banks were not even introduced under sanctions just so as not to violate these mutual settlements.
Regarding rubles and normal currencies: Russia still has gold and foreign exchange reserves, which are under the control of Russia. But as you understand, this is the money that Putin and his accomplices want to keep for themselves. Who needs rubles - no one! And dollars, euros and gold are a chance for a carefree old age :)
Therefore, the game of the "world ruler" began, who, as he says so, everyone will start doing it - we transfer all payments for gas and oil only in rubles, otherwise we will turn off everyone. But of course, everyone relied on these tricks of the crazy "great ruler". Therefore, Russia tried to make such a move - here they say you have rubles for our debts. But ... that's the difference - the West is used to working within the framework of agreements and laws, Russia - to take such illegal steps. And the contracts clearly spell out how payments on these debts should be made, and the form of calculation and terms and conditions. Conditions not met (form of payment) - I'm sorry, you're a dummy and a loser....

not only that. Russia's sanctions affected everyone including the Asian countries like mine. we are not even part of this war.

the central banks all around the world were anxious when Russia's reserves were frozen. its not normal, reserves are not supposed to be frozen no matter how antagonist the country is. Putin is a pain in the ass we all know that but with frozen reserves, it's like giving Putin the reason to respond like shit.

Putin "response" is not related to frozen reserves. Putin doesn't need reasons for "shitty response", he can fabricate them himself.
Thinking different means big flaw in one's logic. Just ask yourself: what was first, his attack or the sanctions? And if so, what was the reason for his shitty attack?!

Do not be fooled, if you look at the essence of things, or at least a little deeper than the surface, then at least 80% of the responsibility for the armed conflict between Russia and Ukraine lies with the United States. The United States is the main beneficiary of this conflict, it weakens Russia in one fell swoop, shifts the attention of Americans from internal problems to external ones and, with the imposed sanctions policy, actually destroys a strong competitor in the face of the European Union. In Ukraine, the puppet government after the coup on the Maidan, and deliberately cultivate anti-Russian sentiment in Ukraine, the United States began back in 2004 with the coming to power of Yushchenko. A similar US policy is being pursued in Taiwan towards China.

Russia was quite a technological country. 

The oil and gas industry is a very technologically advanced industry.  Nuclear power is an even more technologically advanced industry.  Russia also had a space industry (technical developments from the times of the USSR), metallurgy, agriculture and fertilizer production. 

Also in Russia there is a very good technical education (including many good specialists in the field of informatics and computer technology). 

Yes, this was not enough for such a vast territory, but nevertheless, this is a good potential for further development. 

What happened now is a disaster. 

This is the destruction of everything that was created with great difficulty by generations of Russian and Soviet people.  Managerial incompetence led to disaster. 

The extent of this catastrophe has yet to be realized.

Let's go even further, shall we? year 2000. I am on business in Donetsk. By the way, in this city at that time 30-40% spoke Ukrainian. And in the evening, in one of the establishments, I observe a picture - 10-12 people are sitting at the table, actively gesticulating, raising toasts very loudly and not very culturally. And there is a flag on the wall. At first I thought that this was a flag of something like the Yuzovsky Manufactory or something similar (John Yuz is, in fact, the "father" of Donetsk and the Donetsk region, their founder, a British).
It turned out not. It turned out that this is the flag ... of the Donetsk People's Republic! Yes, yes, yes - it was 2000, 4 years before "the anti-Russian pumping began." I decided to clarify, and it turned out that since the 1990s, in the east of Ukraine, the anti-Ukrainian movement "DPR" and several others, united by the idea of ​​"Novorossiya", have been actively gaining strength, with the support of curators from ... no, not the United States, but Russia, those. anti-Ukrainian, anti-state, separatist concept. Would you like to read their documentation, goals, etc.? I highly recommend it - it's a mix of Nazism, nationalism, chauvinism. And now you tell us about "the United States began purposefully cultivating anti-Russian sentiments in Ukraine back in 2004 with Yushchenko coming to power," specific actions, laws, and other facts? Looking forward to your stories about Yushchenko, the US and anti-Russian sentiment :)

I wouldn't really be shocked about this. If you tell a nation that you do not want to work with them anymore, then they can just deny to pay your debts back as well of course. There is nothing shocking about this at all. The scary deal is, Germany started the second world war period by declaring not to pay their debts from the first world war as well. "The stress put into German people because of the war reparations was too high" is a common thing to make it sound like it made a sense, when in fact if you attack a nation and destroy them, of course you will pay a ton of money, that is normal expectations.

Russia will be asked the same, I guarantee you, it is not just enough to stop the war, they also have to pay a lot to fix Ukraine as well.

Do not pull the owl on the globe. Donbass has always been and felt itself not just Russian-speaking, but Russian - and from the point of view of Western Ukraine, they were second-class people. But they lived quite calmly as part of Ukraine and dug their own coal, honestly earning their living, until the Ukrainian authorities forbade them to speak Russian, their native language. This was a trigger and a match in the fire of separatist sentiments. You can't blame people for wanting to speak and think in their native language.

You write incredibly funny things!
1. The oil and gas industry - the basic infrastructure was built by the USSR, there is not the slightest merit of Russia in this. In fact, all new field developments, except for the simplest and most affordable (with a minimum drilling depth) are based on Western technologies! That is why sanctions prohibit the supply of such technologies :)
2. Nuclear power - just the same. Base - Development of the USSR. Since then there is NOTHING CONCEPTUALLY NEW! Or give an example of technologies developed and industrially implemented, fully developed in Russia! :)
3. Space industry. Now she is the Comic Industry. Trampolines, bullying, fools' show. The space industry, which more or less worked, is a legacy of the USSR. I will be brief - you will not be able to give a single example of NEW and fully developed space technologies in Russia. Moreover - after the first sanctions. The Russian comic industry began to crumble like a house of cards in the wind - because everything is built on the elemental base of sealed companies. The import substitution program has failed. Or you have other information ? :)
4. Agriculture - do you know that Russia is the leader in the purchase of palm oil? Are you aware that most of the bread in Russia is feed grain? Do you know that Russia imports most of the vegetables and fruits? The only thing there is grain, which is almost completely exported, but that's all - varieties of Western companies :)

In total, Russia is such a large formation in terms of a useless area that remained technologically in the middle of the 20th century, and did nothing to change this situation.

You either got fooled, either want to fool us: nobody but Putin is responsible for starting this stupid war, killing civilians and destroying goods.
It doesn't matter what is the sentiment in Ukraine. It's not Russia's business.
And yeah, I am sure now Ukrainians will just love Putin and the Russians for killing and raping them. What alternate reality are you living in?!!?!

Another fake, which only naive fools will fall for. Learn to verify information.

it's not Russia but some company just bragging about that they offered to be paid in roubles, they denied and so now thinking it's a default, not more

Russia does not need the love of Ukraine. The Nazi viper needs to have its venomous teeth pulled out so it can't bite, that's enough.

Well, if you post others' propaganda, at least pay attention to not contradict yourself.
However, you have just proven yourself just another mindless troll that doesn't deserve the slightest attention.

There is no contradiction here. I will explain with an example, imagine for a moment that some conditional country made a coup in Ireland, and then began to actively finance and supply weapons to the IRA, and cultivate hatred of Great Britain from the school bench in Ireland, releasing history books in which the British were portrayed Dirty bastards who need to be blown up, killed, and cut off their heads. Every year to hold mass demonstrations in the streets with crowds of masked militants. And to do this for 18 years, so that a whole generation of Irish people has grown up who consider the British people of the lower class. And then the leadership of Ireland would say out loud that it would be nice to get hold of a nuclear bomb. Sound wild? Meanwhile, this is exactly what happened in Ukraine.

Do you think the English would care what to do so that the Irish were kindled with love for them? Would they have been trying for eight years to resolve this delicate issue through diplomacy, as Russia did? Let's be frank, the Anglo-Saxons are disliked in many places in the world, and there are reasons. But do they not care about it now, and do they care even more about it if it is a serious threat to the security of their country?

ps You can ignore my messages if they seem to you a threat to your habitual patterns and stereotypes of perception.

Oh I love reading your posts :)
And let's, as adults, adequate people, now quickly deal with the "coup in Ukraine?
Very simple questions:
1. The wording of what is a "coup d'état"
2. a list of events in Ukraine that correspond to paragraph 1, in the format date, event, performer / performers. You can add what rule of law violated

Now we will find out the whole truth about the "coup", unless of course the "reality" is fabulous :)

Did Great Britain invade Ireland (or anybody) after WW2? No. Then it's not what has happened in Ukraine.
Maybe in your head we are in 17th century, but no, nowadays attacking other country is not normal and no wild analogy would make them look better.


I will mostly ignore them, but the reason is that you use the half-logic seen in any propaganda, instead of healthy logic.
I will mostly ignore them because if I don't, I am just feeding the troll, hence inviting you spread more garbage.
Even insulting me about stereotypes is a typical trolling method to force an answer, I know that. Or is this "stereotype" too?

Nobody is in need of rubles! Nobody!
The whole ruble thing was just Russia trying to flex its muscles and nobody even flinched!

Moreover, use logic, it's not that hard!
If Russia is still getting paid in Euros for gas, how is it possible that it has no Euros or USD to pay its debt and is forced to pay in rubles?
The truth is pretty simple, they don't have enough because Russia also needs to import a lot of stuff right now that is obviously far more expensive than it was before, if the propaganda would have been true they wouldn't have bought European stuff hen the alternative from China would have been better and cheaper.

Simple, they don't have money, nobody wants ruble and nobody will, not with the CB rising the interest rate by 20% overnight.


But, but, I thought the father of the fatherland and his troll army said that Russia is better than ever, sanction makes orc army stronger, killl all nazi, Russia stronk..
How come now its weakened?



Unfortunately for Russians, no it's not, it's one of the most backward countries in the world.
Most of the drilling is made with European equipment that's why Shell was present in Russia, wouldn't it be stupid to have a foreign company take profits when you could do it yourself? Russia has no deep water platforms, all are either junk bought from Netherlands or Brazil or even US, the only new ones are not their property, it has no technology for drilling in the northern regions, it can't even properly maintain oil rigs. Look at the auto industry, at trucks, planes, at medical equipment, everything is based on western technology, they have zero on their own, the back-up plan to replace Renault is to sell a car with no airbags!
 

And 99% flee the country. With that percentage going up to 99.98 lately.
The moment they started looting Nutella and socks and underwear is the moment everyone realized their level.

1. A coup is the seizure of power by unconstitutional means.
2. On February 22, 2014, the Verkhovna Rada adopted a resolution on "self-elimination from the exercise of constitutional powers" of the current President of Ukraine Yanukovych. "Self-elimination of the president from the exercise of constitutional powers" is not indicated in the list of grounds for early termination of the powers of the head of state. Yanukovych's state of health was quite normal, the impeachment procedure was not carried out, that is, formally and in fact, a coup took place in Ukraine.

You can call it a color revolution according to the training manual of Bernard-Henri Levy, but the essence of this will not change - a coup is a coup.

Well, because of the sanctions. Or do you think that sanctions are imposed to strengthen the country's economy, and not to weaken? It can be said for a long time and at length that this sword is double-edged and sanctions not only weaken the country on which they are imposed, but also cause damage to the country that imposes them (and Biden speaks openly about this, blaming Putin for the current surge in inflation in the United States), but too lazy to print.

Yes, I agree that Russia is completely dependent on Western technology.  China (by the way) also depends on Western technology.  

For example, in a Xiaomi smartphone, almost all components are foreign (American processors, Japanese and South Korean camera units, etc.).  However, it cannot be said that China is not a technological country.  Russia is able to maintain and build nuclear power plants (this already indicates the presence of technological potential).  Russia is capable of building icebreakers and fissioning uranium.  

Another thing is how Russia disposed of such a starting technological potential?  

With the petrodollars that Russia received in 2000-2020, it was possible to build communism (not a concentration camp, but an ideal technological society of harmonious and happy people).  

Russians could become the richest and happiest inhabitants of the planet Earth.  Travel the world, earn a lot of money, be useful to other people, create new technologies, use the most advanced medical developments.  Russians could become demigods.  An example for the rest of the civilized world.  

Yes, it was probably necessary to avoid envy and intrigue from the governments of other countries.  

But this requires the wisdom of managers. Managers receive large salaries, just in order to solve complex strategic problems.

But not by escalating conflicts.  This is a road to nowhere.  This is the road to disaster.

1. Excellent! We remember the keyword - NOT in a CONSTITUTIONAL way. Or simply - in violation of local law. Yes ? By the way - why did you decide to modestly miss one very important point in the discussion of this issue - the constitutional system of Ukraine? This is, after all, a parliamentary-presidential one. Those. the main branch of power is PARLIAMENT? All right? :) That's right, because it's written in the Constitution of Ukraine!

2. And now we come to your amazing set of "facts" :) Let's simplify and ask a simple question - why are you lying? Are you deliberately lying? :) I'm ready to prove it here, and any participant can check the evidence! So, what was the essence of the "coup" process - After almost a week, the President of the Country did not appear at his workplace, did not get in touch, did not give any orders in any other way), the Verkhovna Rada voted for a resolution in which it was pointed out the need to temporarily assign the duties of the head of state to the chairman of the Verkhovna Rada (Alexander Turchynov. - The Verkhovna Rada has the right to such decisions) in connection with the self-elimination of Yanukovych.
No one removed Yanukovych from power or overthrew him. In the resolution of the Verkhovna Rada (dated February 22, 2014.), it is only about the fact that his powers are assigned to Turchynov in connection with the self-elimination of Yanukovych. The reason for the adoption of such a resolution was the absence of the president at the workplace, the lack of communication with him and the aggression that had begun in Crimea.
The next day, February 23, 2014, information became available that it was Yanukovych, violating the Constitution of Ukraine, who called, on the alleged behalf of Ukraine, to send Russian troops to forcefully suppress popular rallies requiring compliance with the law.
Viktor Yanukovych fled from Ukraine to Russia on the night of February 23, 2014 (before that, he had been hiding since mid-February, did not fulfill his obligations, did not get in touch, did not appear at the workplace).
According to the investigation, immediately after arriving in the Russian Federation, Yanukovych entered into an agreement with the Russian authorities to obtain preferences and further residence in Russia. The former president is charged with "encroachment on the territorial integrity and inviolability of Ukraine", "high treason" and "waging an aggressive war." The investigation believes that the Kremlin used Yanukovych as the alleged acting head of state to "legitimize the presence of Russian troops in Ukraine and the occupation of part of Ukrainian territory."


Notice how different your version and mine are. Yours - built on propaganda, mine - on historical facts? :) I would strongly recommend that you stop lying, besides, it is so primitive - all the facts can now be checked very simply :)

How ? Isn't it too simple?? They are just supposed to STOP THE WAR!! They are supposed to stop killing people and do unspeakable things to the females. They are trying to erase Ukraine from the map and at the same time even if they were threatened by the NATO there were many things that could have been done rather than bombing quite a peaceful country.

- They had a choice and they still have a choice and they have to understand that they are just leaning over and Putin just wants to be Hitler 2.0, nothing else. 

Russia is dependent for sure but some of the European countries are also dependent on Russia as well, that what makes the whole system functioning in order.


They have to understand the terms and conditions, clearly, a default is a default but at the same time how are they able to fund the continuous shelling and at the same time pay off everything that's due ?

Breathe deeply, you are excited. This is your country, your history and you have to live with it. I think there is nothing wrong with making a coup - if the attempt was successful. This is the case when "winners are not judged." The revolution of 1917 in Russia was also a coup, it was called a revolution later. Yanukovych could not hold on to power, so he is just a loser. Why does Ukraine need a loser president? Even a comedian is better than a loser.

in fact Russia has not defaulted on its debts even though the US Treasury blocked the transfer and prevented Russia from using its frozen foreign currency reserves to pay its debts. Russia categorically rejects the idea of ​​defaulting on its debt repayment cases, Kremlin spokesman Dmitry Peskov said. some analysts familiar with say Russia has the means and the ability to pay until May 25.

To be fair, it wasn't Russia who announced the default, and Russia in fact went angry about being classified this way and threatened with legal action. And, even though I'm Ukrainian, I must admit that Russia makes a good point that the issue is not with being unable to pay (not having the money), but with artificial limitations set by the sanctions (not having USD). But what's good is that the very fact of classifying Russia as being under selective default can cause panic selling and withdrawals of investors from the Russian market.

Regardless of your background, this is no reason to wishful thinking. I explain, and it can be checked. For the calculation of external obligations, so as not to violate contractual relations, are currently open. The only caveat is that they are open in currencies in which contractual obligations are carried out. Those. if Russia was credited in euros - here is an IBAN account for you in euros, if you were credited in dollars - here is an IBAN account for you to pay in dollars. The remaining accounts are blocked, and any receipts are blocked in accordance with the sanctions. So, Russia, instead of properly fulfilling its obligations and paying off the debt in euros, with a payment in euros, decided to turn on the "God mode" again and tell everyone that "and now we will pay our debts in rubles, because we are so decided!". Further explain what happened? I will explain - yes, the rubles, which no one needed, went to other accounts, where they were blocked. To leave then the rubles left, but they did not pay off the debt ... And this is logical. As a result, Western creditors have voiced that what is happening is, in fact, a default. What is wrong here? :)
Let's put it simply - you came to the supermarket, picked up groceries, and at the checkout you pay for groceries with banknotes that you issued in your family, well, just for fun. Tell me - what will happen to you at the exit after an attempt to close the arisen financial obligations to the supermarket? :)

You are mistaken. In March, Russia spent several tranches in dollars and euros to service its external debt, under a special license from the US Treasury, and these payments were successfully completed. Then the US Treasury revoked the license, and another payment dated April 4 was blocked by the bank. After that, Russia paid in rubles to a special C-account intended for the conversion of funds. This default, even if declared, is purely technical.

Taiwan doesn't want the Chinese government to invade them like they did with Hong Kong. The policy isn't as aggressive with Taiwan as the U.S. was with Ukraine. This is obvious because of geographical reasons, Ukraine's ambition to join NATO and such, but the U.S. interest in Taiwan lies within their microchip production. I don't think China would allow puppet government installation in Taiwan but that wouldn't be needed anyways, Taiwan is anti-CCP.

The situation between China and Taiwan is very different from the situation between Russia and Ukraine. But the US policy is similar as a blueprint. The United States is generally not distinguished by diversity in its foreign policy.

There is actually no inconvenient in paying the debt, being out of SWIFT system simply makes automated electronic transactions more difficult, but certainly does not impede payments made in a more traditional way. In the case of the debt, the problem is not being out of the system, is not willing or not being able to actually honour the debt. It is a default, period.


Well, then for "purely technical reasons" no financial institution is going to "technically be able to buy" Russian debt. It is as simple as that, most funds and institutions and certainly the largest ones have mandates that will not allow them to invest in bond from a country that has defaulted. And make no mistake, Russia is not the one that is able to decide if it has defaulted, that task goes to the S&Ps and Moodys of this world (rating agencies).

Paying in Monopoly money is not accepted except in Monopoly.

So sure, go ahead on the official version of the "denials department" of the "Russian Ministry of Dark Humour and Fantasyland tales", it makes no different whatsoever to all the decision-makers that will not be buying Russian debt in a long long time.

You are right, regardless of whether the default is technical or real, declaring a default will close the market for foreign borrowing in dollars and euros for Russia. It has already been closed by sanctions, without any default.

The expected answer when the conversation moves from the realm of fiction and propaganda to reality and verifiable facts! The main thing is to continue to mumble "it was a coup" :) No. This is your self-hypnosis, because to the reasoned, verifiable, chronology of the process that took place in Ukraine, you could not oppose anything, except to continue, stupidly, repeat the mantras about the coup :) Your level of knowledge and dialogue, I understand, did not surprise me, continue on, but already among those where thinking is out of the question :)

Fair point. A default however does has long term consequences, not only a temporary withdrawal from a payments system or the temporary retention of funds, it is something that rises interest rates in the long term and cannot be "lifted" as easily as a sanction.

I would say that business are going to become difficult in the future. For disclosure, I think that Russia does have a good income stream from exports so it will modulate the effect of a default.

I don't expect anything else from the CNN. A default occurs when the interest payments are not made on time. In this case, Russia has offered payments to the creditors. The only catch here is that the payment is being offered in Rubles and not in USD or EUR. And how is it possible to blame Russia? They are under sanctions and their forex reserves are frozen. And the same guys who have frozen the forex reserves are now asking for the payments in USD or EUR. This is similar to the scenario where many of the European nations are now making the payments for Russian oil and gas in Rubles.

One of the big mistakes of the West was the imposition of sanctions without a clear mechanism for when and how they would be lifted. Therefore, Russia considers the sanctions to be long-term for an indefinite time, or, more simply, "eternal", and the freezing of its reserves in dollars and euros is a default by the West. Russia does not need foreign investment in discredited currencies.

It could drain out easily. The foreign reserves are actually maintained by central national banks and only spent as and when required. I’m pretty sure after the war broke out and businesses went down (MNC’s), they had to sell out most of the asset and on the other hand they might have imposed with restricted transactions. With the time Putin got more sanctions and thus the foreign repository might have been used to recover the unwanted expenses off shores and fund the current war operation. Imagine share market situation within Russia, Ruble devaluing Like hell and foreign reserves depleting. Seems like disaster.

You are now trying to "twist the information." I will explain to you with an example. You are the owner of a shop, let somewhere in New York. You sell delicious pastries. A lumpenized boor comes into your shop, demands to get him 20 cakes, is rude, calls names. But ignore him and do your job. You pack it all in a beautiful box and say - 50 DOLLARS from you! And this miracle takes out banknotes from the Monopoly game, and says - on, here's your payment, you don't need change! And he tries to leave. This is what happened with Russia and its obligations. She tried to pay with some kind of junk paper instead of currency. Therefore, the payment was not counted, the obligations remained, the situation became essentially default. And do not invent fairy tales about what they paid for. Well, or you must accept copies of bills from the Monopoly game as payment for your work! You are ready ? :)

Of course, Russia was bombarded with hundreds of sanctions, and its reserves in other countries were taken away. A full-fledged economic war, so Russia is trying to get out of this situation. Payment in another currency is the most realistic way out of this situation.

Interestingly the only default made was that payment was made in Rubles instead of dollars which I don't really think is a very big default for a country that is in such a flux situation, they have sanction imposed from everywhere so naturally their currency is under a great hit at this time, so technically they will have to pay in some alternate way and Paying in your own currency is the easiest way, European agencies would obviously call this as a default in their attempt to disregard the Russian economy but I think one should consider the situation of both the sides before making any opinion.

No problem, just send me over those discredited currencies and I will send you back the strong roubles you like so much.

https://publicwire.com/wp-content/uploads/2022/02/https3A2F2Fd6c748xw2pzm8.cloudfront.net2Fprod2F0ae33980-9872-11ec-b0f8-e3a19c72e36b-standard.png

Currency markets are prone to panic attacks amid sharp geopolitical changes. Right now, the exchange rate of the ruble against the dollar and the euro has returned to the price levels "before the operation", but even more indicators are not the exchange rate on the currency exchange, but the exchange rate on Aliexpress - how much the ruble is worth in China's internal opinion. It reached 150 rubles per dollar, and right now the dollar costs 86 rubles.

I have a partnership offer for you! Let's organize a financial structure, and you will buy a strong ruble, and I will sell it to you for any slag such as an unsecured dollar, an empty Euro, or a yen mired in debt? Imagine - you will drain huge amounts of useless currencies, and you will have reserves of a strong ruble, which is backed by a powerful economy! How do you like the idea? Ready to get rich? :)

I'm not sure if I understand the details of your affiliate offer correctly, for example, where will I get a huge amount of useless currency from? I have a symbolic one dollar banknote and a 2 euro coin, rather for numismatic interest. All my money is in bitcoin, some shitcoins and rubles for everyday expenses.

I kind of figured that this would happen but as yourself I didn’t think that it would happen so quickly. Which obligations did they default on exactly ? What would be really something is if they defaulted on obligation to China, now that would be REALLY telling. But their army not being as great as they preached or made it out to be as well as their economic situation is no surprise to me. It’s the same thing with China, putting up a fake front.

I'll tell you that many absolutely really assigned Ukraine - no more than 1-2 weeks until it was completely captured by the "second army in the world in terms of power" :) And the basement Führer believed that he had the most powerful army, the most stable and self-sufficient economy. He also believed that the US, Britain, the EU and many other countries would continue to be afraid of Russia and would not impose such massive and global sanctions. He also believed that he could continue to issue ultimatums and threaten with all nuclear weapons or simply aggression, and in response everyone would dutifully agree to any conditions from Russia. But everything turned out to be wrong. The inflatable army was punched in the face and humiliated in front of the whole world. Thinking the economy collapsed. The "great leader" is forced to hide in a bunker and be afraid to appear in public. And now they are also afraid of a "palace coup."
Ukraine destroyed the myth of the "greatness of Russia" and showed its rotten essence in everything...

A 22 year long panic attack?

https://alicoup.ru/currency/
It was the usual speculation at the beginning of March. Many people have bought new cars, new household appliances, and now it costs 30-50% less. Some goods are priced very high, but these goods will not be bought by people.Whoever succumbed to this panic in Russia lost a lot.

According to Google, 1 USD is now equal to 80.00 RUR. And it looks as if the value of Ruble has increase (w.r.t USD) since the Ukraine invasion started. I read about pessimistic predictions from some of the experts, claiming that the exchange rate of Ruble will go down to 1 USD = 150 RUR or 1 USD = 200 RUR. But none of this realized and the fact that Russia is having one of the largest reserves of gold actually helped. The USD now looks weak, given the fact that federal debt is ballooning and the retail inflation within the US is at all time high.

This is very funny :)
I'll tell you what it REALLY means.
To begin with, an excursion into history. THE USSR. The country from whose remains the Russian Federation emerged. So in the USSR the dollar exchange rate was - 0.68 rubles for 1 dollar! Yes, honestly! The OFFICIAL course was just that. But .. Firstly, foreign exchange transactions for citizens were prohibited. Secondly, on the black market, the dollar is worth 10 or more rubles for 1 dollar. And the parity market price of the dollar in foreign economic transactions was about 12 rubles per dollar.
Now about course 80. Yes, it is. OFFICIAL. But the real one ... The real one is far from this figure. 80 rubles for 1 dollar, this is the price at which the Central Bank of the Russian Federation and banks buy currency from the population. But they don't sell!
This is what a real exchange board in Russia looks like now :)


https://i.postimg.cc/NFR2J0f8/FQr5-FWn-XMAMw-Sy4.jpg (https://postimages.org/)

Threat never listen to Russian news and propaganda - there is nothing but lies!

Not sure about these unofficial exchange rates. Very soon, the major clients of Russian oil and gas need to make payments in Russian Rubles (some of the EU nations such as Hungary has already said that they will abide by this directive). And they need to convert their USD to RUR using the official exchange rates. So no matter whatever the unofficial rates are, the trade will be conducted using the official rates. Anyway, it was an excellent decision from the part of Russia to increase gold holdings in their reserves. If that was not the case, RUR would have reached 1 USD = 200 RUR already.

No, no one will pay for nothing in empty rubles, you missed it here too :)
The "Great Fuhrer of Russia", once again, in March, "delivered an ultimatum to the entire capitalist world" that if from April 1, 2022 (21 days ago :) ) they do not support Russian oil and gas with the Russian ruble, then the micro-fuhrer will already On April 2, they will cut off their gas and oil supplies .... As expected, everyone sent this idiot on a "walking erotic journey" and continued to pay as prescribed in the contracts. Oh yes - they wrote, like the Vatican paid in rubles :) Understand - the ruble is just an empty phrase, the ultimatums of a crazy Fuhrer are the hysteria of a mentally ill person at the end of life, that is, also an empty phrase, Russia's influence on world processes is close to zero! Although no - in the area of ​​\u200b\u200b"to spoil the neighbors" Russia is ahead of the rest. Although after the Ukrainian army fucked the Russian army through all the holes and showed its real essence, then here Russia is losing its positions :)
Reality will be what it is formed by normal countries, which means that Russia does not influence anything here ...

So the deadline for paying for the gas supplied by Russia for April has come. Europe capitulated (https://www.telegraph.co.uk/business/2022/04/22/ftse-100-markets-live-news-earth-day-sustainable-development/) and will pay in rubles according to Putin's scheme through Gazprombank (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1070507/INT.2022.1630477_Gazprombank_gas_payments_publication_notice.pdf).

Let me upset you :) No one will pay anything IN RUBLES! The scheme with accounts in Gazprombank has been operating since April 1, and it was built precisely because the EU sent Russia to hell with its idiocy.
So about the payment scheme:
1. There are CURRENCY accounts (EUR/USD) in Gazprombank to accept payments from EUROPEAN buyers
2. The currency comes from the buyer to the supplier to the CURRENCY accounts specified in clause 1 :)
3. CURRENCY from these accounts, through exchanges, is sold for rubles. The ruble weight goes to a special account of Gazprom/Rosneft.

Voila, this is what REALITY looks like, not your fantasy! If the situation does not look like I described - I ask for arguments and evidence to the contrary! But I'm sure, as always, the answer will not be clear :)


Threat you would at least CAREFULLY read the materials that you publish :)))
From the Telegraph, an excerpt from the article you cite "Putin has demanded that so-called "unfriendly" nations open accounts at sanctioned lender Gazprombank, where payments in euros or dollars would be converted into rubles."

Have fun from the heart !!!! Thanks :)

UPD. For the third day it was not clear what to say in response :) It's so beautiful to deceive yourself - you need to have talent! :)

Meanwhile, the default did not take place (https://minfin.gov.ru/ru/press-center/?id_4=37900-minfin_rossii_ispolnil_obyazatelstva_po_suverennym_yevroobligatsiyam_v_sootvetstvii_s_emissionnoi_dokumentatsiei), the Russian Ministry of Finance managed to make a payment in US dollars.

LOL... the Western media went ballistic about this, and yet nothing happened. From what I heard, EU and US have frozen around $300 billion in Russian assets. Essentially they are receiving the crude oil and natural gas from Russia without any payment (or in simple terms they stole the energy products). And this is one of the reasons why the Russian government asked Gazprom to get the payments in Russian Ruble (which in turn pushed the value of RUR by +10% since the start of the Russo-Ukrainian war).

Well, what can I say - you're great! As Russia was ordered, so she does everything. But her tantrums do not impress anyone, no one will fulfill their idiotic "ultimatums" about rubles. Well, you understand - who is this Russia against the backdrop of normal countries ?! Dummy! :)



The blocked funds do not in any way overlap with contracts for the supply of oil and gas. No need to mix everything together! These funds will most likely go to Ukraine as part of reparations for the restoration of infrastructure destroyed by terrorists from the Kremlin.
The "growth" of the ruble after statements that only rubles will be accepted for gas and oil is purely psychological. As you can see, the idiotic demands of Russia to pay some kind of unnecessary rubles instead of the euro / dollar turned out not to be realized. Everyone continues to pay as they paid :)

you're just a propaganda victim
here're our real men
https://www.youtube.com/watch?v=nmA14mRdjL4

For the sake of argument, let's assume that the frozen funds are in a way not related to the oil or gas payments. But what about the fresh payments for oil/gas in EUR/USD? Because of the sanctions, Russia is unable to move these funds to local banks. So essentially right now the EU nations are not paying for the imports that they receive from Russia. And only a handful of the EU nations have accepted the demands to make payments in RUR through the Gazprombank. Poland and some others refused and in case of the former the supply was cut-off.

No no no ! Stop ! Did you understand the essence of the situation at all? :) Apparently - no!
Ok, let me explain:
1. Sanctions were imposed for the crimes committed by Russia against Ukraine. For violations of the rules of war, for terrorism, for genocide, for torture and massacres of civilians and many other crimes. It is a fact !
2. What about gas payments in USD/EUR? Yes, everything is simple. You just don't know, you should have just read a little more. In Gazprombank, Russia, CURRENCY accounts have been opened for crediting funds for the supply of gas / oil. Transactions towards these accounts are not blocked. Then these funds are sold within the Russian Federation on the stock exchange for rubles, and rubles are credited to the accounts of Rosneft and other oil and gas traders. This is how the market works now. And you came up with something for yourself and tell me fabulous stories :)
Everything I wrote is easily verified in open sources!

no dude. they must open own rouble account in pair of eur one. and after the transfer and conversion roubles go to account of foreign company. and then they pay. And for this to happen they must deal with russia central bank . and this behaviour is forbidden for them because central bank of russia is under sanctions

It's in the courtyard of Putin grandmothers tell! :)

The mechanism will look like this:
Google orders, study reality! :)

So, once again for everyone - at the moment, all the tantrums of the "super leader of Russia" have ended, he has shut up, and the Ministry of Finance has implemented the following mechanism for accepting payments for gas and oil, for European buyers who pay ... yes, in EURO or USD :)
 
1. Currency and ruble accounts of type "K" are opened in Gazprombank. Moreover, the buyer of Russian gas does not need to personally come to the bank, the accounts will be opened on the basis of documents "available in the circumstances." Funds in these accounts cannot be frozen or seized.
Accounts of type "K" is a "convertible account" ("K" is an abbreviation). This is a special type of account that banks can open to non-residents - both individuals and legal entities - for payments in rubles, according to the relevant instruction of the Central Bank. Accounts of this type have existed in Russia for many years and are used just for cases when a resident sells something to a non-resident.
2. The buyer transfers funds to a foreign currency account in the currency specified in the gas supply contract. Gazprombank then buys rubles on the Moscow Exchange. This money is credited to the ruble account of the gas buyer.
3. As soon as the rubles are on the account, it is considered that the buyer of gas has fulfilled his obligations.
The decree also empowers the government's foreign investment control commission to issue permission not to comply with the scheme.

Another caveat: The central bank can change the rules for buying currency. He should provide further clarification on how the scheme would work.

The decree also states that if foreigners do not pay for gas in rubles, then supplies will be cancelled. At the same time, the scheme that follows this phrase does not just involve such payments. :)



 ;D ;D ;D ;D

Since February 26, I have been serving in the Territorial Defense of Kyiv. I saw your "real men", a funny sight! I personally crossed paths with them in Kyiv, when at the very beginning there was an attempt to break into the city from the Obolon district. Guess where all these "real consumables" are now? :) And many thousands more of your terrorists are now feeding worms and fertilizing our fertile lands :)
You better not circulate the Kremlin's nonsense, but in fact say something about the topic? Or is it already much more difficult than copy-pasting cheap propaganda materials? :)