padraig (u.s.)
a monkey that will go ape
could someone know actually knows what they're talking - presumably @vimothy - comment on the significance of this?Russia in historic default as Ukraine sanctions cut off payments
Russia defaulted on its international bonds for the first time in more than a century, the White House and Moody's credit agency said, as sweeping sanctions have effectively cut the country off from the global financial system, rendering its assets untouchable.www.reuters.com
I assume everyone who wanted to get out of the Russian debt business has long since gotten out
and this cannot be any kind of a surprise to investors or anyone else - one of the most predictable defaults in all of financial history, I'd think
more difficult for Russian govt to borrow abroad but surely that was already quite difficult? even with that part the world not involved in sanctions
seems essentially symbolic? granted entire financial system is "symbolic", but you know what I mean