Imagine if you owed money to a bank and the terms were to had to pay $100 per month. When you go to pay, the bank says: "Thanks. But you are on our list of bad people, so we aren't going to allocate this money toward your obligation since it would violate this new policy we made up."
That's basically what is happening. Russia is flush with cash and they are experiencing DEFLATION. Prices going down for stuff in their country.
Imagine if you owed money to a bank and the terms were to had to pay $100 per month. When you go to pay, the bank says: "Thanks. But you are on our list of bad people, so we aren't going to allocate this money toward your obligation since it would violate this new policy we made up."
That's basically what is happening. Russia is flush with cash and they are experiencing DEFLATION. Prices going down for stuff in their country.