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Thread: US Bars Russia From Paying Bond Holders Through US Banks

  1. #1

    US Bars Russia From Paying Bond Holders Through US Banks

    In a move designed to increase the chances of a Russian default on its debt payments, the US has barred Russia from paying bond holders through US banks. The Biden administration had previously granted Russia an exemption since the war in Ukraine began, but that exemption will end on Wednesday.

    JPMorgan Chase & Co. has noted Russia is faced with roughly $400 million in payments it must make on dollar-denominated bonds on June 23 and June 24.

    Timothy Ash, a senior sovereign strategist at BlueBay Asset Management, earlier this month noted to CNBC that given its power to administer trade sanctions, the the Treasury’s Office of Foreign Assets Control, “can act any time to stop Western institutions from processing bond repayments” by Russia. “OFAC can force Russia into default at any time. OFAC is still in the driving seat,” Ash said.

    https://www.thefinancialtrends.com/2...ough-us-banks/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

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    Groucho Marx

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    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

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  3. #2
    Uh, how is this supposed to hurt Russia? This ONLY hurts the USSA!

    Whats next Biden, "The Economy killed itself"? Like Epstein? Mmmhmmm suuuuure.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  4. #3
    Quote Originally Posted by Swordsmyth View Post
    In a move designed to increase the chances of a Russian default on its debt payments
    Do they honestly believe Russia gives a flying rat's buttocks about paying debt at this point? LOL.

    Russia is too busy contemplating when it will kill all the bankers, take all their gold and incinerate all their databanks.
    "For we are opposed around the world by a monolithic and ruthless conspiracy ... Its preparations are concealed, not published. Its mistakes are buried not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed." - J.F.K.

  5. #4
    Quote Originally Posted by DamianTV View Post
    Uh, how is this supposed to hurt Russia? This ONLY hurts the USSA!

    Whats next Biden, "The Economy killed itself"? Like Epstein? Mmmhmmm suuuuure.
    "Stupidity got us into this mess. Why can't it get us out?"--Will Rogers

    "All I know is what I read in the newspapers, and that's an alibi for my ignorance."--Will Rogers

  6. #5
    Russia Is Preparing A New Bond-Payment Scheme As Default Looms

    https://www.thefinancialtrends.com/2...default-looms/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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