Originally Posted by
dawg80
Russia facing default on their bonds, to the tune of $600 billion (USD) at close of business today. Most of the world placed a lock on Putin's international bonds when he invaded, but the Biden admin (US Treasury) extended a waiver, an extension, until today. The UST says it will not extend the waiver on the lock again. Interest payments due to various holders on Russian bonds are still due, the next ones May 27, $2 billion, and more due in June and afterwards. Russia has not defaulted on due bond interest payments since 1998. Locking up the $600 billion places Putin in a tough spot...where can he find the funds to meet his obligations?
The squeeze is on. How much longer will the Russian people tolerate Rootin-tootin-Putin?