But can Russia fail? The video analysis by Ferruccio de Bortoli

by time news

The fourth and final installment of the war and the economy series.

by Ferruccio de Bortoli / CorriereTv

Ma la Russia really risks to fail from the point of view financial, that is, to default? After downgrading at the level of garbage of the securities issued by the major rating agencies, the risk is real. But seen the collapse of the Stock Exchange, of ruble and of bonds it is as if the default part had already occurred. We will see in the coming days if Moscow will honor the refund of some coupons.
The freezing of reserves and the blocking of transactions however, it is an extraordinary one justification to non-payment but the negative effects could reverberate on companies and thus lead to a chain reaction. A failure of the sovereign debt on the part of Russia there was in 1998 and to pay the consequences were also the savers Italians. But if we look at the level of indebtedness of Moscow which does not reach 20% of GDP, without comparing it with ours for charity, we realize that the situation it’s not that dramatic. Furthermore, Putin’s is a war that is self-financing with the explosion of gas and oil prices. And then, in judging, effectiveness of financial sanctions we must not forget that India and China, by abstaining in the vote condemning the UN, are open to any triangulation. Business is always business.

– Here the third episode of the series: the uncertainty of the routes

– Here the second episode of the series: who sells, who buys, who suffers. Europe and Russian sanctions – Here is the first episode of the series: the announcement effect counts

Here all the updates on the war in Ukraine on March 10

March 10, 2022 – Updated March 10, 2022, 12:47 pm

© Time.News

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