Russia waves off threat of default and financial blackmail

Pravda Report | Sep 10, 2019 at 4:50 PM
  • For the first time since 2014, Russia’s net government debt has fallen below zero into the negative zone.
  • If Russia found itself in need to pay off its debts immediately, it would be possible to do it at the expense of government deposits at the Central Bank and commercial banks.
  • In developed countries the debt burden grows disproportionately to economic success.