Russia's debt repayment issues

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s33d_moonFull Member
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#1Jan 27, 2017, 09:07 PM
At first, the Biden admin let Russia use its big stash of cash in U.S. banks to cover its debt payments. But then on April 4, the Treasury Department stopped that, making it impossible for Russia to pull those funds for paying off its debt. Now, Russia is in a tough spot trying to figure out how to manage those payments.
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nickprotoFull Member
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#2Jan 29, 2017, 04:51 AM
What's the point though?. Also I think Russia have bigger issues than needing to clear US debt (it's likely not their priority).
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hodler2019Legendary
Posts: 2182 · Reputation: 12913
#3Jan 29, 2017, 08:19 AM
April 4 of 2025? if so why did you wait until Feb 22 of 2026 to let us know.
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lord_chadFull Member
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#4Jan 29, 2017, 01:30 PM
paying a debt means putting out money when russia is more concerned with getting money IN they’re considering all kinds of new resources to get more money in not get them out
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im_sageFull Member
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#5Jan 29, 2017, 04:59 PM
It is not like the United States just woke up one morning and decided to take the money, their money was genuinely frozen due to the constant sanctions on their economy, even as it was frozen it doesn't means the money belongs to the US but Russia can not access it as well. Although  at first Russia was given some leniency, they could access some part of the money to service some of their debts but as the tension grew stronger with the EUs then that right was eventually removed. So as it stands now the money is just sitting idle.
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