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What would happen if it did default? I guess it would start a chain reaction?
by raxxorrax 5y ago
What would happen if it did default? I guess it would start a chain reaction?
- verdverm 5y agoNo, they don't have so much debt that it causes a ripple effect. Some investors lose out. The disruption to agriculture and minerals will more likely have a bigger impact. Defaulting typical destroys credit rating, but I doubt many will be loaning to Russia any time soon.