Russia cannot pay its bonds in foreign currency.
Russia defaulted on its external debt as it offered bondholders payments in rubles rather than dollars / REUTERS illustration
Daniil Getmantsev, head of the parliamentary committee on finance, tax and customs policy, expects Russia to default in early May.
He spoke about this on the air of a nationwide telethon.
“Today, we cannot state the default of the Russian Federation, there is a default of individual companies of the Russian Federation, for example, railways. But we expect the default of Russia itself in early May, when Russia cannot pay in foreign currency on its external obligations. It is trying to pay in rubles , which does not meet the conditions for issuing its securities and does not meet the obligations that Russia assumed,” he said.
(c)UNIAN 2022
“It is trying to pay in rubles”
LOL< didn't someone tell the Moskali they must use REAL money when paying their debt? They're all a bunch of clowns. Early May is the breaking of USSR 2.0? Right before the traditional May 9 parade? That's about the same time Putin's Orcs will be defeated too. Hang on people, just 3-4 weeks to go.
Every bit of bad news for mafia land is good news for the free world.