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There are no conditions for a default in Russia unless they are created artificially. This was announced by the press secretary of the President of the Russian Federation Dmitry Peskov, according to TASS.
“We have already heard the statements of our heads of financial departments – the Ministry of Finance and so on – about the readiness and availability of the necessary safety margin to pay all external debts in rubles. That is, in fact, as such, there are no conditions for a default, unless they are created and imputed to us artificially,” he noted.
Earlier, the Fitch International Rating Agency downgraded Russia’s long-term issuer default rating (IDR) in foreign currency from ‘B’ to ‘C’, which indicates high risks of sovereign default.
IMF Managing Director Kristalina Georgieva considers Russia’s possible default due to sanctions imposed against the background of the aggravation of the situation in Ukraine. She clarified that the unprecedented sanctions imposed on Russia have driven the country into recession.
Finance Minister Anton Siluanov said that the West defaulted on its financial obligations to Russia and froze the country’s gold and foreign exchange reserves.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
