Quote from: paxmao on July 03, 2024, 04:38:27 PM

Quote from: Branko on July 03, 2024, 01:28:05 PM

Quote from: paxmao on July 03, 2024, 11:50:17 AM

I would not bet the house on Ukraine defaulting, it will be a month on negotiations that will most like end with the payments being mostly delayed and agreed with creditors. But it is always possible to re-pay with frozen Ruzzian assets you know.

Actually, no, it is NOT possible, unless you want to make dollar worth less than paper its printed on
Its not even decided yet what to do with interests on those funds, even less about whole funds.

Even pretty soft approach so far has consequences:

https://www.indiatoday.in/business/story/us-saudi-arabia-petrodollar-deal-history-significance-what-is-it-2553088-2024-06-14

USA surely don't want everyone rushing to get rid of their USD reserves

https://www.bloomberg.com/news/articles/2024-05-21/eu-approves-plan-to-use-the-profits-from-frozen-russian-assets

Quote

EU European affairs ministers meet in Brussels Tuesday
The plan may see as much as €3 billion go to Ukraine this year

Mic drop.

EU<>USA