Dmitry Medvedev, deputy head of the Russian Security Council, said on Sunday that the failure to meet Russia’s foreign obligations could result in hyperinflation not only for Russia but also for Europe itself, whose financial system is not very stable. on his Telegram channel. He drew attention to the words of the President of the European Commission (EC), Ursula von der Leyen, who expressed the opinion that a default (entry into insolvency) in Russia is only a matter of time.
“Well, then, try,” Medvedev said, commenting. At the same time, he emphasized “two obvious points”. “Russia’s default can turn into a European default. Both morally and, most likely, materially, “the politician warned, noting that the EU ‘s financial system is not stable enough and people’ s confidence is declining.
The deputy head of the Security Council explained that the EU’s financial system “is not stable enough”, people’s confidence is declining. “And it didn’t shake so much in the memorable year of 2008, and then it was very hard,” Medvedev added.
In addition, he continued, EU authorities should expect “strong recognition from ordinary Europeans for hyperinflation, which can no longer be blamed on the bad Russians, the lack of commodities in stores and the influx of refugees.” , which will provoke a more serious wave of violent crimes than the Albanian one ”.
Speaking of von der Leyen’s statements, Medvedev noted that their main significance “is no longer about the suffering of the exhausted people, not about the end of a special military operation, not about the long-awaited peace in Ukraine, but about a breach of Russia’s obligations.”
“That’s it! That’s what you secretly wanted at night! This is the deep strategy of the European Union, the secret plan of the Brussels masochists and their partners in overseas games,” he said.
External debt situation
In an interview with Bild am Sonntag, the president of the European Commission expressed his opinion that Western sanctions are increasingly undermining the Russian economy. She said that “hundreds of large companies and thousands of experts have left the country” and that Russia’s GDP, according to current forecasts, will fall by 11%. In her opinion, “Russia’s state bankruptcy is only a matter of time.”
According to the Ministry of Finance of the Russian Federation, as of February 1, 2022, Russia’s public external debt amounted to $ 59.5 billion, including debt on foreign bonds with bonds – $ 38.97 billion. In total, the Russian Federation has 15 active loans with maturities from 2022 to 2047.
Earlier, Finance Minister Anton Siluanov said Russia would repay its debt in foreign currency only if its foreign currency accounts were thawed. In case of refusal or lack of response from the agent banks, the Russian Federation is ready to repay and serve its currency obligations in rubles. However, then there will be a significant change in the conditions for servicing the external debt with bonds of the Russian Federation, which will most likely be considered “default”. At the same time, the Russian authorities have repeatedly stressed that there is no reason to consider the Russian foreign debt as real implicit, as the situation can only be artificially created.
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