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. #CNN #News

[untouchablex]

They did not default. It was a "special delinquent operation."

[brandonhunter]

Not an “economic war”. Just a “special economic operation.”

[rzero]

this should have happened when Russia took over Crimea... not now

[HelloItsMikkan]

Russia: I can pay in Rubbles.
S&P : *Laughs in Dollars*

[fapnawb]

When a country decides that a small speck of land is more important than everything you have built for the past 50 or so years.

[charleswillcock]

Yes, "investors will be cautious of lending more money to Russia". Understatement of the year.

[timmsmiithgm]

Hmmmm... crude oil down about 25%, and gas down about 5%...nope, no gouging/profiteering there.

[eringray]

The war in Ukraine 🇺🇦 is meant to open your eyes to the reality in the financial system. Real estate firm and other businesses are also closed too only crypto holders are spending money with ease..

[andybenderowski]

Well with paper gone from the shelves they will be soon enough using rubles as toilet paper.

[niznomores]

At this point Vlad doesn't really care about finances. He just wants to take 🇺🇦 and rebuild the USSR. Dream on, Vlad.

[stephensulzer]

They can pay with their gold reserves!!

[eskoven]

Why did oil spike so much when the US and Canada have ample oil supplies?
Speculation and manipulation in the oil marketplace ?

[advancetotabletop]

By the time S&P (and Moody’s) downgrades you, the cow hasn’t just left the barn, but so have the farmhands, feral cats, owls, mice, and any zombies you kept there. Thanks for the videos.

[happyhermit]

Maybe Putin can start a "Go Fund Me" page...would love to see how that works out.

[petes]

It's pretty easy to default on a debt that you can pay but the creditor is not allowing you to pay it. Truly interesting times we are living in.

[andrewlambert]

I FEEL SORRY FOR THE COMPANIES THAT LENT THE MONEY WHO ARE GOING TO LOSE MONEY IN THE WEST.

[therealistintheboot]

I don't think Putin thought this through when he attacked, I think he thought this would be another Crimea situation and he thought Ukraine was going to surrender very quickly.

[dingusovi]

Russia should repay Ukraines debt, pay to rebuild all they have destroyed, and reperations on all they have killed.

[billyrubin]

The world needs to put that country out of business indefinitely.

[trustshantella]

How about 'a special default operation' against 🇷🇺 economy