I would imagine that from Russia's perspective, the US gave $15 billion to Ukraine, and therefore has confirmed financial support for neo-nazi terrorists. I don't see where Russia has any legal obligation to launder money to terrorists, through US institutions.
From my simpleton eyes, I understand not accepting new business through someone you are angry with. I don’t understand why you would refuse someone to make payments to you for past expenditures even if you hate them. It’s taxpayer money though and not out of their pocket so it’s easier to justify the loss of half a billion on 20 trillion debt I suppose.
You would think US notes being valid on any debt being guaranteed but it appears you can sanction your money from being used to pay yourself.
ie. Taxpayers are on the hook for 1/2 billion due to debt that we won’t accept payment for? Maybe? It’s all nuts to me now.
Sure, but the fact that "it wasn't paid", no matter what passed beforehand, can make great politicised news articles that Russia bad for reneging.
So we pay, and they pay in reputation. A win-win.
Doesn't refusal to accept payment equate with extinguishing the debt under the Uniform Commercial Code and any other relevant principles of commerce?
I would imagine that from Russia's perspective, the US gave $15 billion to Ukraine, and therefore has confirmed financial support for neo-nazi terrorists. I don't see where Russia has any legal obligation to launder money to terrorists, through US institutions.
From my simpleton eyes, I understand not accepting new business through someone you are angry with. I don’t understand why you would refuse someone to make payments to you for past expenditures even if you hate them. It’s taxpayer money though and not out of their pocket so it’s easier to justify the loss of half a billion on 20 trillion debt I suppose.
Central Bank: Pay us
Russia: Here is your money
Central Bank: Not with our money, we want real money