Monday 11 July 2022

RUSSIA FALLS A VICTIM TO THE FIRST DEFAULT IN HISTORY

 .   When you were once a child at school you probably asked a schoolmate to lend you a pencil or pen it also happened that you became annoyed with the child who didn't lend them to you.

It seems absurd but the same happens between states not just between school children.  Indeed there has been talking about Russia's technical default for days. Because of gas and oil revenues, Russia has enough money to pay the holders of its bonds, but being under EU and USA sanctions it is sometimes unable to do so for months. 

We are extremely happy that Russia is in this very difficult situation because it shouldn't have invaded Ukraine, bombing and killing so many Ukrainians due to greed and racial discrimination,     

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