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Russia Threatens Legal Action If They Are Forced Into A Sovereign Debt Default

People walk near the Moscow International Business Centre, also known as "Moskva-City", in Moscow, Russia November 12, 2019. Evgenia Novozhenina,, Reuters  

Reuters: Russia threatens legal action if forced into sovereign debt default 

(Reuters) -Russia will take legal action if the West tries to force it to default on its sovereign debt, Finance Minister Anton Siluanov told the pro-Kremlin Izvestia newspaper on Monday, sharpening Moscow's tone in its financial wrestle with the West. 

 "Of course we will sue, because we have taken all the necessary steps to ensure that investors receive their payments," Siluanov told the newspaper in an interview. 

"We will present in court our bills confirming our efforts to pay both in foreign currency and in roubles. It will not be an easy process. We will have to very actively prove our case, despite all the difficulties." 

Siluanov did not elaborate on Russia's legal options.  

Read more ....  

WNU Editor: WNU said the same thing a few days ago .... Russia is poised for a bond default that could unleash years of courtroom chaos. A debt expert breaks down what happens next (Business Insider).



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