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Will Russia really care if U.S. actions make it default on its debt?
By Layna Mosley
The Washington Post
Thursday, April 7, 2022
On Tuesday the U.S. Treasury tightened the financial pressure on Vladimir Putin by prohibiting U.S. financial institutions from facilitating dollar-denominated debt payments to investors.
Simply put, this made it much harder for Russia to pay its bondholders, raising the risk that Russia will default on its sovereign debt.
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Usually, governments that default on their debts face serious consequences. However, it is possible that Russia may be less worried about this action than other governments would be. ...
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