Wouldn't it be hilarious if Russia seized the property of all the US investors and US firms that publicly withdrew from their country and then traded it to their creditors to pay off their debts?
I wonder how much debt all those McDonalds could pay off?
Last month, the US Treasury had let a key sanctions exemption expire. Ending the carve-out meant US investors would no longer be allowed to receive payments from Russia.
Should Russia fail to complete its debt obligations, it could trigger legal action from creditors and stand as a black mark against the nation's prestige.
If a debtor is ready, willing, and able to pay a creditor, and a third party government prevents the payment from taking place, it seems to me that the third party government should be the one facing legal action.
It's going to be funny seeing the entire media in lockstep declare it's not a debt default when we go to war with China over Taiwan and tear up all the T-bills China owns.
This is rich, first make it impossible for them to pay and then blame them for not paying.
Economic terrorism is what this is.
The Soviet Union used to work around embargoes by trading real property when they couldn't pay in currency: https://www.businessinsider.com/how-pepsi-briefly-became-the-6th-largest-military-in-the-world-2018-7
Wouldn't it be hilarious if Russia seized the property of all the US investors and US firms that publicly withdrew from their country and then traded it to their creditors to pay off their debts?
I wonder how much debt all those McDonalds could pay off?
The assumption has been that they will
I don't think this will be allowed.
Which is another reason why dictator Biden needs to be removed.
If a debtor is ready, willing, and able to pay a creditor, and a third party government prevents the payment from taking place, it seems to me that the third party government should be the one facing legal action.
It's going to be funny seeing the entire media in lockstep declare it's not a debt default when we go to war with China over Taiwan and tear up all the T-bills China owns.