27-06-2022, 02:15 PM
Your reputation matters only when you need something from those who give you the reputation points
If you dont need anything from them, it doesn't matter to you
Fyi, even before 24 Feb, Russian Gov borrowed only $60billion foreign debt which is peanuts in comparison to a whole lot of other countries. It earns $1 billion per day in oil revenues.
Russia dont need to borrow, except for foreign exchange.
But with "Gas-for- Rubble" , Russia now gets tens of Billions foreign exchange parked into Russian Central Bank (which cannot be frozen by the West)
If you dont need anything from them, it doesn't matter to you
Fyi, even before 24 Feb, Russian Gov borrowed only $60billion foreign debt which is peanuts in comparison to a whole lot of other countries. It earns $1 billion per day in oil revenues.
Russia dont need to borrow, except for foreign exchange.
But with "Gas-for- Rubble" , Russia now gets tens of Billions foreign exchange parked into Russian Central Bank (which cannot be frozen by the West)