For Russia, a possible ban on the part of the United States from paying debt obligations in dollars will be “not the worst decision,” Dmitry Medvedev, deputy HEAD of the Russian Security Council, wrote on his TELEGRAM channel.
“Firstly, everyone understands that this is a political default, not a financial one. Russia is capable of repaying any of its obligations in any currency, as long as it does not create artificial problems for it. Therefore, it will not affect the real financial reputation of our country in any way,” he said. And in this case, the COURT should consider the actions of the United States as "force majeure or as the guilty behavior of the creditor," Medvedev added.
In addition, in the event of a “political default”, US debt holders themselves will not receive Russian money, he continued. It is also possible to fulfill these obligations in rubles, and “this will also be their proper fulfillment in such conditions,” said the deputy head of the Security Council.
“And you can not pay at all. And the unspent money should be used precisely for those purposes that American senile people will not like very much. As they say, he laughs best who laughs last (“he who laughs last laughs well”, right - He who laughs last, laughs best. -)”, he concluded.
The United States allowed Russia to service Eurobonds until the end of May Economics
This is how Medvedev reacted to reports that Washington wants to block payments on Russia's public debt. In early March, the US Treasury issued a license allowing investors to receive debt payments on Russia's sovereign Eurobonds until the end of May. However, the US is now considering not renewing that license in order to maintain financial pressure on Moscow, sources told BLOOMBERG.
According to US Treasury Secretary Jeannette Yellen, a final decision on this issue has not yet been made. She herself believes that the renewal of the license will be "unlikely". At the same time, if Russia fails to pay its debt and defaults, then there will be no significant change in the situation in the country, since it is “already cut off from the global capital market,” Yellen said.
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