wisdomIspeace:
There should be balance!!!
because they dominate internet and everything u find it hard to hear Russia side of the story..
It is now I understand why china wat they did by providing alternative to western media and banning dem in dia country.

controlaltdeleat:
My thinking thinking is this Ukraine has its foreign reserve in dollar just as Russia. Russia carry tanker and bomb Ukraine to rubbles. Ukraine will now use its foreign reserver and its economy will go into complete coma while Russia will go back home to Moscow and drink tea and its foreign reserve intact. Whatever Putin is smoking, the thing strong wella

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?

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."
If you're owing a bank and the bank decides to freeze your account, is it not just logical for the bank to remove the amount you owe from your account or where else do they expect you to make payment?

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

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

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.

Kingpele:
They don't want u to access their currency, so use your useless rubles to service your debt

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

Mynd44:


Queen to D7; Check!

Invitationn:

It's valid.
The knowledge of their frozen assets is public.
International nvestors can't pretend they don't know.
Also, there's another plan to pay them in rouble if the foreign assets remain frozen.

NGArmyTerrorist:
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!

Advision:


Now I know many argue blindly here. Only government held investment funds with a political mandate symphathic to russia will be willing to invest in their debt market right now.

Even their stock and capital market remains closed because most international companies are are the door waiting to exit the economy.

Neither the economy of russia nor ukraine will come off better from this war

https://www.aa.com.tr/en/russia-ukraine-war/russia-s-stock-market-to-remain-closed-this-week/2534261

GerogeI:


You do not understand because you are one of the minions who think somebody somewhere in the Americas owns the whole world and can sanction you.

Your analysis are wack because as a citizen you are subject to a government, so your account can be frozen as the government is superior to you.

Russia is a sovereign government, US is an equal colleague. US cannot punish or pass judgement on an equal government. So Russia is simply saying for all our debtors who are in the US, or Europe, we have made available your money, hold your home government responsible if they block the funds from flowing into your accounts
This way, the US and allies will be shooting them selves in the foot by their sanctions, just like they did with oil. Since they will only be punishing their own citizens only. So Russia will hence forth be using the so called frozen funds to be paying their debtors from western countries.

Sanchez01:

True and they printed snout $3 trillion or more just last year. That said, printed monies were pumped into the economy by buying bonds from financial institutions.

The idea behind putting money into the economy as in the case of the United States was to drive down interest rates and hope that people and businesses borrow and spend more, and in the process revive the American economy. More importantly, the demand for the USD will always make them print more as it is almost a global currency.

Not in case of Russia and its Ruble. If that happens, the currency's value would plunged the moment the new monies are released and would create a pin sharp inflation instantly. An African country tried this, thinking it would solve their financial problems economically. We all know what is happening to their economy now.

sosanova:




.



Putin is a real confused comedian, him and his team know nothing about Economics.
The sanctions has affected their sense of reasoning.

Russia's still got SDR to the IMF, as a last resort though.
What's happening here is that Russia is trying to pass the buck to America, as the excuse for onigbese.
America would hold on to the frozen assets forcing Russia to exhaust it's backups thereby crippling the economy.
The people in turn get fed up and oust their war lord.
Talk about Libya on repeat.
US really fucckked Russia up economically , psychologically and financially

https://www.reuters.com/business/finance/russia-rouble-payment-usd-coupons-would-be-sovereign-default-fitch-2022-03-15/

bizzibodi:

You comparing US with Russia? US can print more $$$$$to clear all her debt if she wish but Russia can't print USD, her rubble is useless no country will accept it.

NGArmyTerrorist:
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!

shogz89:
Russia can print rubble and pay rubble if they don't have access to their reserve to pay their western creditors. Any western creditor that doesn't accept it will wait until the sanction is off.

shogz89:
lol.. so why is inflation affecting America now? Look at the way you are justifying printing a whooping 3 trillion dollars just to drive down interest rate.

You people criticized Nigeria for printing more money couple of years ago.

Russia can print rubbles and pay in rubbles if their foreign reserve remain sanctioned and there is nothing any creditor can do about it. Otherwise they wont get a dime until the sanction is relaxed.

danteg:

Please I'm kinda confused, this might be a stupid question but why do countries not house their own foreign reserve on their own soil or is that the prerequisite of a foreign reserve. Is it like a Nigerian opening an account in Ghana and saving in Ghana cedis, won't it be possible to create the account in Nigeria and save in that currency, just like we do with a dollar account?

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." The payment is to be made in dollars....they are banned from transacting in dollars and you are saying the argument is not legit. So tell me what they should do? Print dollars?

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

shogz89:
Russia can print rubble and pay rubble if they don't have access to their reserve to pay their western creditors. Any western creditor that doesn't accept it will wait until the sanction is off.

helpee:
Yes. It is very valid.. Who made america the efcc? Even if the Efcc freezes your account and you have debt obligations, just present evidence your account is frozen. No court in the world will penalize you for that.

djon78:



Oga what is saving US is simply the $ used in doing business and there complete control of the global financial systems since the end of 2nd world war

The day money is decentralized is the day there wahala starts

Before the 2nd world war before the forming of Brentwood institution, currencies were supported with gold determining there values but the US and her Anglo Saxon brothers changed the game.

The dollars circulating around the world today are just ordinary papers. What's there underlining security?

Other nation's are getting wiser and very soon, there will be demand for equality, equity and fair play.

Ordinary rapid increase in the price of crude oil, the US economy is facing untold inflation causing the Fed yesterday to increase interest rate.

Some of you think it's only you that have knowledge and grasp of these things.
And many of you are the problem we have in Nigeria, you may be involved with some of Nigerian banks treasury or CBN but many of you have never helped Nigeria's economy.
Na all these una kalou kalou and vodoo economics that has kept Nigeria the way she is economically.

You can imagine quoting dangote, you think you are talking to a novice

Sanchez01:

Can someone please help me explain to this gentleman man? I'm tired already.

dontai:
.But Russia can tell a sovereign country who to associate with, abi? two can play the game sir.

Frankiss44:


Don't blame anyone if you are sounding like novice.. If you think the dollar is only strong because it is used in doing business then you are not wise and I won't school you for free since you are a proud ignorant person .. You said the United state is the most in debited country that was why I brought in the dangote to show u in a lame man's term what debt is nothing if it can be serviced

dontai:
.But Russia can tell a sovereign country who to associate with, abi? two can play the game sir.

Sanchez01:

You just need to look for your economics teacher and hunt him/her down.

This frozen asset is as a result of a sanction. I'm sure you know what that means? Just as a sovereign government can stroll into another and start wreaking havoc is the same way another can sit on your resources/treasury in their land.

Re-read what you've written, take your time, go online and read more materials on nations, sanctions, debts and assets. Then come back for a sound argument and not this that looks like one cooked up fantasy in game house.