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From the POV of outside of Russia… this is Russia defaulting on its sovereign debts, no?
by axiosgunnar 5y ago
From the POV of outside of Russia… this is Russia defaulting on its sovereign debts, no?
- belter 5y agoYes, but it's for the moment called a technical default.
- axiosgunnar 5y agoThanks
- neilwilson 5y agoFrom the POV of people in Russia suspending access to international reserves is the West defaulting on its sovereign debt. Those were liabilities owned and owed to the Russians. The West expects to get away with it, why not Russia? And of course with all this defaulting on liabilities going on, those other countries in debt to the West are looking on to see what happens. The answer will be less than most fear. As is usual in these situations the fear is a greater behaviour control than the reality.
- axiosgunnar 5y ago> The West expects to get away with it, why not Russia? One of these two so casually mentioned in the same sentence is literally bombing civilians. If bombing civilians will not stop you from defending a murderous regime with whataboutisms, what will?
- swampthinker 5y agoSo do Americans, that argument doesn’t hold water.
- axiosgunnar 5y agoWhat if I’m not American, why bring them up? The government of Rwanda also killed civilians. Does that excuse the Russians?