[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Calling Justice Thomas ‘Uncle Clarence’ exposes the rotten sham that is the progressive movement

The Democrats’ lies on abortion since SCOTUS’ overruling of Roe v. Wade

President Trump, A Formidable Candidate In 2024 Republican Primaries: Golden/TIPP Poll

The Red Wave Is Not Just Inevitable, It’s Also Conservative

How liberal policies have killed black communities: Clarence Thomas


STRANDED!!! Lake Mead's Water Dropped Too Fast!!!

A Supreme win for school choice

The More Americans Decide The System Is Rigged, The More They Will Silently Rebel

How Donald Trump Saved the GOP

Marching in Time

Mortgage Rates Explode and Housing Crash Imminent - With Scott Walters and The Economic Ninja

A Warning From A Farmer

What I Just Learned Will Shock You

Lake Mead Drought Update!!! What's Going On?!!!

"Homosexuals Are Coming For Your Kids Via Disney... They Want Us To Be Just Like Them"

Go read this report about a Google contractor who claims he was fired for calling out cult activity

WAYNE ROOT - My LaTesT Exclusive InTerview wiTh PresidenT Trump ... The RevelaTions - His Shocking Response AbouT Running for House Speaker --- Proof America is Under CommunisT ATTack

EXCLUSIVE: Rubio questions Harvard on Fauci-China cover-up

Can ChrisTian Russia ... save The world --- from globalism?

All in all it's just the groomers on the prowl "Another Brick in the Wall"

North Korean defector: I am terrified of the 'massive indoctrination coming from the left' in public schools

Trump vs DeSantis: Who Should Patriots Support for 2024?

Disney Disaster: United Arab Emirates Bans Pixar’s ‘Lightyear’ over Lesbian Kiss

The entire hood came out to beat this white man and they stole his car. Leftists be like 'stop profiling people'.

The FBI knew RussiaGate was a lie — but hid that truth

The narraTive is shifTing fasT ... Zelensky may soon see his --- 'supersTar' sTaTus in The WesT on The decline

The Eerie Silence Around Kavanaugh Assassination Attempt

FReepers have always supporTed him ... he goT sick --- can’T be There for all of you.

Kayleigh McEnany calls out Harris for failing to condemn threats against Kavanaugh: 'Where is the media?'

Colin Kaepernick Transitions In Order To Make Carolina Panthers Cheer Squad

ABC News: Our Numbers Show Biden Is a 'Serious Drag' on Democrats

Will Boudin Be the First Soros D.A. to Fall This Year?

Woke LA District Attorney strikes out in California court

Media Group Backed By George Soros And Obama Staffer Buys Conservative Latino Radio Stations Ahead of Midterms

Transfaggots want women to spend more time smelling their poop


Parents are still being treated like terrorists

If Schools Don’t Let Boys Into Girls’ Bathrooms, Biden Will Take Their Lunch Money

The Cancer of Election Fraud

California Spills Water into Ocean rather than letting Farmers Grow Rice

Bertrand Russell - Message To Future Generations (1959)

The bodies of those who were killed on the fields of the war in Donbas. A reportage

New bid to spin Hunter BidenÂ’s laptop

Yuma County School Board Member Set To Plead Guilty For 2020 Election Ballot Trafficking Crimes As Exposed In “2000 Mules”

Big Pharma Boss Caught FAKING His COVID Vaccination Status; Injected Himself With Salt Water Instead… Now Facing Criminal Charges

Ricky Gervais - Trans Women

Race-Based Illness at the Best of the Best

Shouldn't Hillary Clinton Be Banned From Twitter Now?

"GoFundMe for Son's Hormone Blockers!" (5 year old)

Status: Not Logged In; Sign In

International News
See other International News Articles

Title: US Set To Block Russian Debt Payments, Pushing Moscow Closer To Historic Default
Source: [None]
URL Source: [None]
Published: May 17, 2022
Author: Tyler Durden
Post Date: 2022-05-17 18:46:15 by 3-Dee
Keywords: None
Views: 46

US Set To Block Russian Debt Payments, Pushing Moscow Closer To Historic Default


TUESDAY, MAY 17, 2022 - 04:25 PM

The latest attempt at inflicting maximum punishment and pressure on Russia amid its grinding war in Ukraine has many scratching their heads, as the US is now set to block Moscow's ability to pay its sovereign debt - though ironically which Russia appears ready and willing to pay, if it weren't for the far reaching US-led sanctions imposed on its central financial institutions in the first place.

A key US Treasury waiver which provided an exemption for transactions involving Russia's finance ministry, central bank and national wealth fund in instances where US bondholders are paid is set to expire according to schedule on May 25, and the Biden administration is reportedly strongly mulling not renewing it.

A senior administration official said that while "It's under consideration" a final decision has yet to be reached. "We are looking at all options to increase pressure on (Russian President Vladimir) Putin."

Bloomberg reported Tuesday, however, that the US Treasury is going to let the waiver expire, citing people familiar with administration deliberations. That waiver previously issued by the Treasury Department's Office of Foreign Assets Control made exceptions for transacting with sanctioned Russian entities for the purposes of "the receipt of interest, dividend, or maturity payments in connection with debt or equity."

"The waiver, issued shortly after the US levied sanctions on Russia over its invasion of Ukraine in February, has given Moscow room to keep paying investors, helping it avert default on its government debt," Bloomberg points out.

And yet there's reportedly significant internal dissent against such a drastic plan as letting the waiver expire on fears that such a policy would only prove counterproductive to Washington interests. "Some Treasury officials had privately argued that allowing Russia to pay its debt would further drain its coffers and redirect resources that would otherwise be spent on weapons and military operations in Ukraine," the report says. "But the administration has decided against extending the waiver as a way to maintain financial pressure on Moscow, the people said."

Western Creditors be damned😂😂 Russia will lose sovereign Rating but Creditors will lose real money.& Nation will continue to trade with Russia inspite of poor ratings as: 1.They know RUS has never ever defaulted on loan.They are blocked 2. World need RUS Energy & Raw material😂

— AKR (@AkashRa52423008) May 17, 2022 The perhaps bizarre and unprecedented aspect to the US plan is that Russia appears perfectly willing to pay its foreign investors, but has argued that it of course can't do that in dollars because of the very sanctions in place led by Western creditors, in a circular catch-22. Or put another obvious way: can it really be "default" if your creditor refuses to take your money?

Upon the waiver's May 25th expiration, it is estimated that Russia will still have about $2 billion in external sovereign bond payments it must meet by close of the year.

Moscow's reaction of late has been to sharpen its tone in its financial wrestling with the West. Instead of pushing for a default in response to the barrage of western sanctions, Russia's view is the opposite and even though Moscow has said it won't be accessing the international bond market this year due to exorbitant debt prices, the country has not actually been seeking to default. On the contrary, a month ago Finance Minister Anton Siluanov told the pro-Kremlin Izvestia newspaper that Russia will take legal action if the West tries to force it to default on its sovereign debt.

Post Comment   Private Reply   Ignore Thread  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com