Does this sound stupid to anybody but me?

Gomez Adams

Grammar Fascist
Staff member
Dec 1, 2020
12,562
7,428
113
Suwanee, Georgia
exposingwot.com
So here's the article:


And here's the skinny:

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at American banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of US dollars.​
So, you stop people owed money from being paid while at the same time allowing Russia to save money by not being able to use it. What's more, that money will draw interest while it sits there.

So you essentially just punish the business / nation / entity that Russia owed money to. After all, it's not like a creditor can sue Russia for the debt because it is literally not Russia's fault the debt isn't being paid.

How the hell does that move do anybody any good?
 
Substitute the word Mob for "Russian government" and it makes perfect sense. Besides who said the "sovereign debt" was to another business, nation or entity? And the only thing stopped was the assets in the American banks - the Russians have other assets they will now have to dig it to to use.
 
  • Like
Reactions: Gomez Adams