3min chapter

Odd Lots cover image

Here’s How Messy a Russian Bond Default Could Be

Odd Lots

CHAPTER

Is Russia Going to Normalize Relationships With the Rest of the World?

Rusia is in a unique situation because it's already become so cut off from the world, far more than even we would expect to see from a sovereign debt issuor. How much do these questions essentially become relevant as well when they're going to have to resolve these legal fights by then? I think this is not just a great question, it's theque ton that determines whether going to court and playing the litigation game is worth while. The argentina example is a great one, because it was not just a few years. It was 15 years. But the reason it all worked, the reason it produced a big payout at the end of the day, is because there was

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