The Russian economy is already at the default level due to aggression in Ukraine, international organizations recognize this.
This opinion was expressed on Facebook by an expert on banks and banking supervision of Case Ukraine Evgeny Dubogryz.
"Russia has not paid interest on ruble bonds, and has announced that it will pay interest on currency bonds in rubles. This is the default according to any canons and regulations. He doesn't pay, he isn't going to pay, he says about it publicly - what else is needed?
As acknowledged by one of the rating agencies, Moody's, which rated Russia's credit rating as Ca. But for Moody's - it's not a "pre-default" rating, it's a default in full growth - "likelihood of being near or in default, but some possibility of recovering principal and interest.
Why do others wait, not recognize, talk about 30 days grace period, forget about substance over form? The inertia of thinking and bureaucracy, no more. RECOGNIZE.
Russia, of course, does not recognize its own default - the classicÑ–. It is normal for them. And not a fact that admits. And it is not really necessary.
And it's for the better - there will be an additional panic for them later."
Russian oligarchs lose billions of dollars through the war with Ukraine.
It will be recalled that one of the world's largest financial corporations, Morgan Stanley, predicts Russia's default. It is expected in mid-April, when the 30-day grace period for dollar bonds with maturities in 2023 and 2043 expires.
