Reuters reported early on Monday, citing two sources, that some Taiwanese holders of Russian eurobonds have not received the interest payments due on May 27, indicating that Russia may be entering its first foreign debt default since 1918, despite having ample cash and willingness to pay.
Siluanov reportedly told Russian state-owned news agency RIA Novosti that the blockage of payments does not constitute a genuine default, which usually come as the result of unwillingness or inability to pay, and called the situation a “farce.”
Has anything like this ever happened before, where a country has the cash to pay a bondholder and tries to pay but is blocked by sanctions?
That certainly seems to under sell the depravity of this attack. A purely civilian target with more than 1000 people inside, attacked during the day. Ugh
Is Putin trolling the West? What’s the tipping point if this continues? 500 kids burnt alive in a school jumping from windows on fire? A random FU is one thing but if this becomes status quo shits going to get very serious globally.
Reference is to this long thread on what may be the more important battle going on rn. It’s a few weeks old but Kaufman was saying similar stuff just a couple of days ago on the War on the Rocks podcast.
It seems hard to tell who’s winning at this point. Obv Russian government will go full Baghdad Bob before they admit publicly things aren’t going well, but Ukraine will also be extremely selective in what they disclose to paint the picture they want and keep the morale up among their troops and populace.
