These corporate leaders are retarded. Creating losses for shareholders through idiocy.
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Same thing for Swift. Russia can’t pay creditors so for whatever hardware Russia has will be Repossessed … oh yeah gonna be hard to get what ever needs to be repossessed so Russia gets to keep the hardware (like planes) and the creditors lose a shit load of cash. The swift move was worse than retarded.
Russian cos are now required to pay back foreign creditors with Russian Rubles. They won’t like that. Also some Russian Bonds can’t be paid in rubles so those should default and hilariously there are a shit load of Credit Default Swaps that because of the nature of the default won’t get paid either most likely.