My love for Putin! They have the money in their foreign account which is in US and they want to use that money to pay, they are not spending shi shi from Russia paying for those bonds. Since the bond had matured, US should unfreeze the account so that creditors can get their money back simple. Russia had messed up US.. The ball had been shifted to the court of US; let's hear their reasons and defence on why they will not unfreeze the account so that creditors can their their money back. Russia not owing anybody. US is becoming useless day by day! Holding US in the scrotum!

Isn't it stupidity that a nation will save her nation's money in another nation's bank?

Kingpele:
They don't want u to access their currency, so use your useless rubles to service your debt. Is not by force to use someone property

And where will they pull the Ruble from if I may ask? Print more money? Their reserves isn't theirs to control because it has been frozen and currently unavailable for use.

Sanchez01:
You can't supposedly make a payment from a frozen asset. It's like owing and then the bank, CBN or EFCC had already frozen your account and you tell your debtor "I have the money and have written a cheque, now it is up to the CBN or EFCC (to unfreeze my account in order for my debt to be made).

Russia is on cheap drugs here.

This is different as this is about countries and not individuals.

The bondholders are Americans etc whose countries froze the accounts. These countries also froze accounts of people who are not even linked to the war atlethes etc.

Now Russia is doing the same. The West imposed sanctions so the people cann pressure Putin. Putin has also held these funds there so the bondholders can pressure US and co to lift the sanctions

The bond holders get nothing. They are expecting nothing. Russia is just trying to make a lame point. This is an insurance issue sef.

Mynd44:


Queen to D7; Check!

Half of Russia's $300b external reserves are frozen in Western banks. The West can take their money back when they want it. Russia will lose either way. The original contract of the bond agreement must be honored and it can't be paid in Russian currency

Despite the war, the Russians are still meeting up to there obligations....

But wait n soon you will be hearing Nigerian leaders blaming the war btw Ukraine/Russia as the cause of rising food prices, power blackout, bad road, even the reason why tinubu wants to run for presidency. .lol

Haven't seen comments from financial experts o..

Mavor:
Half of Russia's $300b external reserves are frozen in Western banks. The West can take their money back when they want it. Russia will lose either way. The original contract of the bond agreement must be honored and it can't be paid in Russian currency

Explain better bro

Mynd44:


Queen to D7; Check!

Russians, they are not correct , they have not issued any instruction nor transmit obligation that part of the money been held is for bond payment. Their account is technically on post no debit and they cannot draw from a frozen account.

It will end in disgrace and crisis for America over this Russia matter las las

Sundaypaul12345:
Russia prepared well

in what aspect? lol

sosanova:




Putin is a real confused comedian, him and his team know nothing about Economics.
The sanctions chas affected their sense of reasoning
US really fucckked Russia up economically , psychologically and financially

ate you sure? America sanctioned Russia but their economy is facing a terrible inflation!!! Who is deceiving who? Go and get your fact right!!!

Mynd44:

This is different as this is about countries and not individuals.

The bondholders are Americans etc whose countries froze the accounts. These countries also froze accounts of people who are not even linked to the war atlethes etc.

Now Russia is doing the same. The West imposed sanctions so the people cann pressure Putin. Putin has also held these funds there so the bondholders can pressure US and co to lift the sanctions

Thanks jare oga.

I understand now..

It's like a backlash of sanctions of USA to Russia on USA

MangekyoAlt:

Russia's debt is actually smaller than I expected. Meanwhile USA's external debt is bigger than their entire GDP. 20.94 trillion USD to 30 trillion USD debt
Imagine say na USA receive these sanctions wey russia receive. There would've been no hope for their stupid asses

The US economy is extremely huge and the biggest in the world. Russia's debt is smaller because it doesn't have half the economy of the United States and doesn't exactly spend or use the USD as their currency. Their currency is about N6 max (at its peak).

Besides, a country's external debt does not translate into being poor or wealthy. That Russia's external debt is smaller compared to the United States' does not mean it has better economy than the North American country.

Just because I am debt free or owe a bank N400,000 does not mean I am richer or wealthier than Dangote who owes $1 billion. I hope you understand?

goodnija:


Russians, they are not correct , they have not issued any instruction nor transmit obligation that part of the money been held is for bond payment. Their account is technically on post no debit and they cannot draw from a frozen account.

Foreign accounts by countries are sovereign accounts and a sign of sovereignty which is why a court order is not needed to freeze it unlike normal accounts.

Normally, countries have no right to freeze such and hence a post no debit does not concern Russia. Their accounts are like embassy, you normally should not invade it but since this is the case, Russia can play the game too

ecolime:

They are simply telling all their creditors they have more than enough money to service their debts. But US has frozen the money, so dont disturb us. Tell the US to unfreeze it

Russia is right on this one IMO. It's an artificial default.. lol

This guy's level of madness na grade 1.

BTW, Ukraine has accepted to be a neutral state so why prolong the war again?

As if they have not been

NeoWanZaeed:


Thanks jare oga.

I understand now..

It's like a backlash of sanctions of USA to Russia on USA

It is a type of sanction on the US from Russia.

sosanova:




Putin is a real confused comedian, him and his team know nothing about Economics.
The sanctions chas affected their sense of reasoning
US really fucckked Russia up economically , psychologically and financially

Do you have light and water at home?

sosanova:




Putin is a real confused comedian, him and his team know nothing about Economics.
The sanctions chas affected their sense of reasoning
US really fucckked Russia up economically , psychologically and financially

In war who gives terms and condition?
Frozen kor freezer ni. Olodo

This man is a comedian. Wetin concern US for the matter?

You owe Mr. X.

Mr. X wants his money, you now give MR. X a check he cannot cash.

Who Mr. X go hold? You abi the bank wey seize d money?

If a bank seize your money, it is as good as you not having money.

Which one is asking Mr. X to go and collect d money from d bank? Na bank Mr. X borrow money abi na you?

Sanchez01:
You can't supposedly make a payment from a frozen asset. It's like owing and then the bank, CBN or EFCC had already frozen your account but then you tell your debtor "I have the money but can't touch it because it is frozen. However, I have written a cheque, now it is up to the CBN or EFCC (to unfreeze my account in order for my debt to be made) and they should be held responsible if my debt is not cleared."

I don't understand how these Russians think or do things.

Then it goes to arbitration and the authority who froze it have to legally justify why the accounts were frozen. Where there economic infractions/foul play or will the legal appeal be based on emotions?!

It's like the EFCC coming to court to say a firm's accounts were frozen cos Buhari doesn't like the looks of their MD.

Sundaypaul12345:
Russia prepared well

what do u understand there ,by Russia prepaid well?

Mynd44:

This is different as this is about countries and not individuals.

The bondholders are Americans etc whose countries froze the accounts. These countries also froze accounts of people who are not even linked to the war atlethes etc.

Now Russia is doing the same. The West imposed sanctions so the people cann pressure Putin. Putin has also held these funds there so the bondholders can pressure US and co to lift the sanctions

It is not different. Just because the bondholders are Americans does not cushion the effect or the fact that Russia's assets and half of their reserve in US care was long frozen before they asked the bondholders to get their money from US.

It would be ridiculous for the Bondholders to approach the US because the logic is simple. A simple timeline check would reveal a whole lot about why Russia is jonzing at the moment. When did the US freeze Russia's assets and reserve? When did Russia write to the US to allow them access their reserve in other to pay bondholders.

It is war, bros and it is obvious the US is bent on an economic war, which, fortunately, a whole lot of NATO and EU countries align with the US on this, whether fair or not. Russia might have the money to pay bondholders and creditors but it is not theirs to spend at the moment. You can't spend or access a frozen treasury, just as you can't direct your creditors to hold the person who freezes your account responsible for not paying them. It's simple.

Just when the west thinks they have the monopoly of manipulation and power to sanction....


Africans should learn from this game.....


Intelligence and forethought rules over emotion and sentiments


Check mated!

MangekyoAlt:

Russia's debt is actually smaller than I expected. Meanwhile USA's external debt is bigger than their entire GDP. 20.94 trillion USD to 30 trillion USD debt
Imagine say na USA receive these sanctions wey russia receive. There would've been no hope for their stupid asses

This is just like you saying you are bigger than Dangote because Dangote's debt is billions of dollars more than yours. Does this make sense to you?

Jeromejnr:


You didn't read the post. It's obvious.


Back to the topic: Putin really prepare for these guys o

He didn't understand the post. He just wants to attack Russia

Mynd44:


It is a type of sanction on the US from Russia.

story, oga u don't what you are saying, there trying to pay thre debt through there freezing money.. there broke..

oga dem freeze ya akant! meaning say any transaction go bounce!

Kingpele:
They don't want u to access their currency, so use your useless rubles to service your debt. Is not by force to use someone property

No currency is actually useless, we all agree the world over to make dollar the only currency of international trade. We came together to give it that value. But this has always been a potent weapon in the hands of the US against any perceived enemy in the world.

Its about time the world decentralize the finance system by adopting other currencies to make it 3 or 5 currencies for International trade. USD, EURO, YUAN and AFRICAN Shillings. This will reduce the total dependency on USD and increase ease of doing business.

pmc01:


Then it goes to arbitration and the authority who froze it have to legally justify why the accounts were frozen. Where there economic infractions/foul play or will the legal appeal be based on emotions?!

It's like the EFCC coming to court to say a firm's accounts were frozen cos Buhari doesn't like the looks of their MD.

It is as a result of SANCTIONS. I do hope you understand that. It is an economic war as a result of a physical war. This won't go into arbitration and the United States does not, unfortunately, need to justify why Russia's reserve was frozen, just as other allied nations do not need to give reasons why they sanctioned Russia and the sanctions impact Russia's economy.

Sanchez01:

The US economy is extremely huge and the biggest in the world. Russia's debt is smaller because it doesn't have half the economy of the United States and doesn't exactly spend or use the USD as their currency. Their currency is about N6 max (at its peak).

Besides, a country's external debt does not translate into being poor or wealthy. That Russia's external debt is smaller compared to the United States' does not mean it has better economy than the North American country.

The guy u quoted doesn't have an advanced brain to understand what you have just written.