> This is equivalent of a person going to bank to pay off their debt and bank refusing to take money so said person must declare bankrupcy. Yeah, I'm no fan of

> This is equivalent of a person going to bank to pay off their debt and bank refusing to take money so said person must declare bankrupcy. Yeah, I'm no fan of the Russian government or what it's doing, but this is always going to be "Russia defaults* on Foreign Debt" (with an asterisk). There are too many external factors that were deliberately trying to force this outcome through unusual means for it to be an unqualified default.