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Comments by "" (@ericp1139) on "Russia’s historic default: What next for the economy? | DW Business Special" video.
It’s not even a real default. Russia is willing and able to pay its debt, but the US is blocking every avenue. The bond holders know this, and will likely file a lawsuit against the US.
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Russia gave them the option to convert to rubles.
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Russia is willing and able to pay, but it’s the US that is blocking their ability. Bond holders know what’s up.
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