Russia has defaulted on its foreign debt, says S&P
Russia has defaulted on its foreign debt, says S&P
Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.
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"we won't let you transfer dollars"
"Ok I'll pay in rubles"
"No"
"Ok then"
"Hey you can't not pay us!"
"I tried to, in rubles"
"No, use dollars"
"You won't let me"
"If you invade there will be sanctions."
"We don't care"
"It will make finances not as good"
"We don't care"
"That means you can't pay your debts"
"We don't care"
"Ok then"
Invade
"Hey, why can't we pay our debts?! Let's make up an imaginary conversation that selectively excludes critical contextual details and absolves us of blame in the most adolescent way imaginable"
🙄