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> eager to default at this point as doing so could cause financial damage in the West. What about Russian banks and Russian bond holders? External debt is gene
by mohanmcgeek 4y ago
> eager to default at this point as doing so could cause financial damage in the West.
What about Russian banks and Russian bond holders? External debt is generally only a fraction of the total debt
- UncleOxidant 4y agoI'm sure they'll prioritize internal debt-holders of debt denominated in rubles. It's the debt owed to external entities that's denominated in other currencies that will be defaulted on.