A West-mandated Russian “default”: who wins and who loses? By Jorge Vilches

Doubtless nobody in the West really thought through the consequences of essential forcing Russia to default on its debt. From Jorge Vilches at thesaker.is:

Russia is currently “defaulting” or — in the best of cases — on a very direct and firm path to an inevitable “default”.

Or at least this seems to be what the Western press and international rating agencies are pushing and rooting for, same as specialized academia, think-tanks, the political-financial-military establishment… and pretty much the whole Western Hemisphere including the US and Europe + South Korea, Japan, Australia and New Zealand. And it can reasonably be assumed that the above is most probably due to the fact that Western governments have officially and unequivocally dictated that it is not only “fair” but also wise to

(1) freeze and/or eventually “arrest” Russia´s reserve currency stockpiles held in international banking accounts

(2) force Russia to pay its international financial obligations from abundantly solvent banks within Russia

(3) declare that Russian payments in rubles instead of US dollars or euros or yens or GBP are not valid

(4) declare Russia to be “defaulting” on its obligations by not following the above mandates

(5) in case of doubt, Western governments remind us that Russia´s mandated “default” will necessarily be contested in UK Courts… which of course will always decide fully against Russia… undoubtedly and conveniently leaving aside whatever could be left of the once-traditional British “fair play” of yore.

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