Bank of Russia freezes assets of unfriendly countries for $300 billion

Hello ATS!

I continue to acquaint you with Russia's retaliatory economic actions against countries that have imposed sanctions against Russia. These measures are not introduced immediately, but gradually and thoughtfully, there are no emotions, only pure calculation.

Yesterday, the Central Bank of Russia announced that it had taken mirror measures against unfriendly countries to freeze their financial assets in Russia totaling $300 billion.
It was for this amount that a restriction on the movement of capital was introduced, by introducing a complete ban on the possibility of foreign companies selling shares of Russian companies on the stock market, as well as by completely refusing to pay external debts.

The Bank of Russia has suspended payments on corporate debt of Russian companies to creditors from unfriendly countries. Now all payments to such creditors are possible only with the written consent of a specially created commission under the Government of the Russian Federation. Simply put, the Central Bank has frozen any external payments from Russia to unfriendly countries, with the exception of foreign trade operations for the purchase of Russian goods. At the same time, Vladimir Putin has already announced that soon unfriendly countries will be able to buy Russian goods only for the Russian currency, the ruble.

“Restrictions on the movement of capital were introduced, a ban on the sale of securities by foreign investors and a ban on their withdrawal of funds from the Russian financial system,” the Russian regulator noted.

By the middle of next week, the Central Bank will develop a procedure for transferring European consumers to payments in rubles for gas. It is likely that this document will become the basis for the subsequent transfer of Western "partners" to rubles and other goods. As for the measures taken by the Central Bank to refuse to redeem foreign bonds in foreign currency, in fact, the Russian Central Bank deliberately goes for a technical default of Russian companies, since the USA, Great Britain and the European Union have already defaulted on their currencies. Canada and Australia have long been considered by no one as any significant real player.

The total corporate debt of Russian companies is estimated at $478 billion. In the next 3 years, Russian companies must pay more than 200 billion dollars to unfriendly countries. However, now Western commercial banks will have to forget about this money for a long time. This will lead to the default of Russian companies and to the reduction of their corporate ratings, which will prevent them from obtaining loans from Western banks in the future. But Russia will not need these loans from Western banks in the future. The actions of the Russian Central Bank obviously demonstrate that it, and the state as a whole, simply became indifferent to the fact that technical defaults were announced.

At the moment, the Central Bank, together with the Russian government, will decide who will pay the debts and who will not. It is possible that in case of unfreezing of the assets of the Central Bank, the corporate debt will be repaid by a proportionate amount.

Thanks.

a reply to: RussianTroll

The only thing Russia has in it's favor right now is gas.

With sales being routed else where, I kinda fear Putin's next move.

He's not going to win Ukraine, and I feel he's going to try until the end.

What are your thoughts?

originally posted by: Vector99
a reply to: RussianTroll

The only thing Russia has in it's favor right now is gas.

With sales being routed else where, I kinda fear Putin's next move.

He's not going to win Ukraine, and I feel he's going to try until the end.

What are your thoughts?

You will be surprised, but gas is far from the only Russian product vital for the West. Now the West will have problems in the aircraft industry, the automotive industry, energy, the production of microchips and other electronics, fertilizers, food .... the list is very long.
Speaking in Russian, the West shoots itself in the foot. If only not in the head, although judging by the adequacy of Western leaders, they will do this too))))

Putin has repeatedly stated that Russia is not going to occupy Ukraine. The purpose of the military operation (not a war, it has not been officially announced by either side) is the demilitarization and denazification of Ukraine.

a reply to: RussianTroll

the West will have problems in the aircraft industry,

I think you have got that arse about face.

Russian airlines could start running into problems “within months” if they’re not able to replace them, adding that even the Sukhoi Superjet relies on parts from foreign manufacturers.

www.politico.eu...

a reply to: RussianTroll

Would be nice to link to a press report or some such. I would like to have a read for myself if you have anything in english...worst case I can google translate and get close.

a reply to: RussianTroll

You mentioned fertilizer, so I'll give you that.

Russian exports are gas in an overwhelming proportion.

If Russia cannot sell gas, Russia crumbles.

a reply to: alldaylong

Ummm...thats kinda been sorted in a very similar fashion actually. Watched a video on that today from one of my favorite financial guys. Let me dig it up for ya real fast.



Basically there was a ton of planes on lease to russian airlines. Well they decided they will just keep the planes and stop the payments.

a reply to: Vector99

Well there already isn't enough oil and gas as it is to keep up at the growing pace we are setting. So maybe it can be avoided for some time...but how much time? And call the whole whatever they don't sell just gains value as less and less is available. Unless some tech comes out and revolutionizes the world energy situation they are in a position that they will always have customers and if that large of a chunk of fuel its all of a sudden off the market there isn't any making up for it...prices just go up to reflect supply vs demand...which in turn makes more money for them as again...it will be sold somewhere...there already isn't enough.

originally posted by: RickyD
a reply to: Vector99

Well there already isn't enough oil and gas as it is to keep up at the growing pace we are setting. So maybe it can be avoided for some time...but how much time? And call the whole whatever they don't sell just gains value as less and less is available. Unless some tech comes out and revolutionizes the world energy situation they are in a position that they will always have customers and if that large of a chunk of fuel its all of a sudden off the market there isn't any making up for it...prices just go up to reflect supply vs demand...which in turn makes more money for them as again...it will be sold somewhere...there already isn't enough.

This is because OPEC won't pump more gas.

I don't know why people don't understand this.

They aren't pumping the wells, so everyone pays.

a reply to: RussianTroll

Is this what you are talking about?

Bloomberg reporting on mirror actions

If so apparently you missed the memo that the central bank put out about the order only applying to new loans and that old ones would be serviced.

originally posted by: alldaylong
a reply to: RussianTroll

the West will have problems in the aircraft industry,

I think you have got that arse about face.

Russian airlines could start running into problems “within months” if they’re not able to replace them, adding that even the Sukhoi Superjet relies on parts from foreign manufacturers.

www.politico.eu...

I am satisfied with the level of your tolerance, politeness, democracy, as well as the level of your hysteria))))

a reply to: RussianTroll

the production of microchips and other electronics

Forgive me; I normally try not to reply to anyone with the word "troll" in their name, but I am curious:

How will Russia affect electronic components? As far as I know, these are primarily made in China/Taiwan/Japan. I know of no major electronics manufacturing that occurs in Russia.

TheRedneck

originally posted by: RickyD
a reply to: RussianTroll

Would be nice to link to a press report or some such. I would like to have a read for myself if you have anything in english...worst case I can google translate and get close.

Please. Here is a link to the official website of Russia "RIA-Novosti"
Russia has imposed restrictions on the movement of funds to unfriendly countries

Gazeta.ru:
The Central Bank froze the capital of foreigners

originally posted by: Vector99
a reply to: RussianTroll

You mentioned fertilizer, so I'll give you that.

Russian exports are gas in an overwhelming proportion.

If Russia cannot sell gas, Russia crumbles.

You have absolutely no idea about the structure of Russian imports. Energy resources now account for less than 30% of Russian imports.

By the way, there will be no Russian and Belarusian nitrogen fertilizers - a severe famine awaits Europe.

originally posted by: TheRedneck
a reply to: RussianTroll

the production of microchips and other electronics

Forgive me; I normally try not to reply to anyone with the word "troll" in their name, but I am curious:

How will Russia affect electronic components? As far as I know, these are primarily made in China/Taiwan/Japan. I know of no major electronics manufacturing that occurs in Russia.

TheRedneck

RT doesn't have access to information under the current "military exercise"

I'm kinda wondering why he can get to this site.

He's fed information from the government, and that news is the absolute truth.

Well at least that's what a couple online game friends have told me since their disappearance.

originally posted by: RussianTroll

originally posted by: Vector99
a reply to: RussianTroll

The only thing Russia has in it's favor right now is gas.

With sales being routed else where, I kinda fear Putin's next move.

He's not going to win Ukraine, and I feel he's going to try until the end.

What are your thoughts?

Putin has repeatedly stated that Russia is not going to occupy Ukraine. The purpose of the military operation (not a war, it has not been officially announced by either side) is the demilitarization and denazification of Ukraine.

LOL. Denazification by acting like nazis, huh.

Putin is more like Hitler than anyone in modern times.

-both want to regain territory lost (Germany after WW1 and Russia after fall of USSR)
-both invade neighbors
-both abuse democracy to seize power
-both silence dissent
-both use BS excuse to annex foreign territory

Hitler 1938:

"I must also declare before the German people that in the Sudeten German problem my patience is now at an end. Czechoslovakia must give the Germans their freedom, or we will get this freedom for ourselves," the chancellor of the Third Reich had said on 26 September 1938.

Putin 2022:

The goal of the "special military operation," he had said on state TV earlier this week, is to "protect people who have been subjected to bullying and genocide... for the last eight years," link

originally posted by: RussianTroll

originally posted by: Vector99
a reply to: RussianTroll

You mentioned fertilizer, so I'll give you that.

Russian exports are gas in an overwhelming proportion.

If Russia cannot sell gas, Russia crumbles.

You have absolutely no idea about the structure of Russian imports. Energy resources now account for less than 30% of Russian imports.

By the way, there will be no Russian and Belarusian nitrogen fertilizers - a severe famine awaits Europe.

I said exports, not imports.

I'm not wrong.

If Russian gas can be replaced, the Russian economy will crumble.

originally posted by: FauxMulder

originally posted by: RussianTroll

originally posted by: Vector99
a reply to: RussianTroll

The only thing Russia has in it's favor right now is gas.

With sales being routed else where, I kinda fear Putin's next move.

He's not going to win Ukraine, and I feel he's going to try until the end.

What are your thoughts?

Putin has repeatedly stated that Russia is not going to occupy Ukraine. The purpose of the military operation (not a war, it has not been officially announced by either side) is the demilitarization and denazification of Ukraine.

LOL. Denazification by acting like nazis, huh.

Putin is more like Hitler than anyone in modern times.

-both want to regain territory lost (Germany after WW1 and Russia after fall of USSR)
-both invade neighbors
-both abuse democracy to seize power
-both silence dissent
-both use BS excuse to annex foreign territory

Hitler 1938:

"I must also declare before the German people that in the Sudeten German problem my patience is now at an end. Czechoslovakia must give the Germans their freedom, or we will get this freedom for ourselves," the chancellor of the Third Reich had said on 26 September 1938.

Putin 2022:

The goal of the "special military operation," he had said on state TV earlier this week, is to "protect people who have been subjected to bullying and genocide... for the last eight years," link

Anything can be compared to a gym shoe one way or another.

Putin isn’t close to Hitler.

Put your quarters in the slot on the arcade machine and try again.

originally posted by: RickyD
a reply to: RussianTroll

Is this what you are talking about?

Bloomberg reporting on mirror actions

If so apparently you missed the memo that the central bank put out about the order only applying to new loans and that old ones would be serviced.

No. Bloomberg can write anything. Putin and Mishustin spoke unequivocally on Russian television and in the Russian media - while measures mirroring in amounts will be used against the West, the government is also working on offensive economic measures.

originally posted by: TheRedneck
a reply to: RussianTroll

the production of microchips and other electronics

Forgive me; I normally try not to reply to anyone with the word "troll" in their name, but I am curious:

How will Russia affect electronic components? As far as I know, these are primarily made in China/Taiwan/Japan. I know of no major electronics manufacturing that occurs in Russia.

TheRedneck

Not a single microchip in the world can be produced without the Russian inert gas neon and without Russian artificial sapphires for the substrate.