Russia is definitely going bankrupt, for the first time since Lenin’s accession in 1918.

Mask
according to him, it will definitely go bankrupt. Americk The Ministry of Finance today, after the New York time, began to accept americkm bank and individual installments from rusk vldy. So far, there has been an exception, too amerit
veal Russia they could even be imposed sankc nadle pechodn pijmat rusk
spltky. However, this exception ends, in accordance with the full provisions at the time of publication sankc this winter, after a crazy invasion
Russia na Ukraine.

Rusk
the Ministry of Finance in response to this step Spojench stt today stated that St. dollars volumes vi vitelm fulfill v rusk namsto americk
mn. As soon as this happens, the contract does not work vplatu in jin mn, they are not dollarsin terms of the international financial community, including the world of major rating agencies, technical bankrupt. Mask would violate its obligation to pay the creditor in the agreed currency, ie in dollar.

Administrative decision USA do not extend Russia except that Washington really prefers to leave Mask go bankrupt. He therefore rejects the possibility that Mask postupn vyerpvalo sv reserves on debt repayments, and could not force them to finance wolves on Ukraine.

Mask
for the rest of this year he has to repay a total of about one billion
dollar rznch spltek. Reserves I get these installments, or he builds them thanks to the ongoing sales vvoznch raw materials, oilbut especially
gas to zem EUas Nmecko or Itlie. This export finances debt repayments. But if you like these installments now Mask failed, as agreed, to find itself in bankruptcy. After one day, the hour ruskho bankruptcy
according to that, two and later will come.

Mask
the last time it stopped fulfilling its ties to foreigners with the arrest of 1918, the swift sweat that Lenin’s Bolevics had seized power in the country. They unilaterally refused to pay the tsarist debt.

Luk Kovanda, Ph.D.

Hlavn ekonom, Trinity Bank