Rome – “Russia’s failure could lead to Europe’s failure”: this was stated by Deputy Chairman of the Security Council and former Russian President Dmitry Medvedev on his Telegram channel. And Risks to the European Union It is not limited to this, Medvedev warned, adding that “sanctions against Russia could cause hyperinflation in Europe.”
The difficulties that the country is facing recently have been exacerbated by the fact that a few days ago the United States prevented the Russian government from making any payments from checking accounts in American banks. Russia is contractually obligated to pay public debt payments in dollars, not rubles. Payment in rubles results in a “selective default, subject to analysis of conditions and grace period”. Therefore, as expected in the contracts, Russia still has some time to pay in dollars.
In response to the words of European Commission President Ursula von der Leyen that shortening Russia is a matter of time, Medvedev noted in the post published today, “Okay, try it.”
According to Medvedev, “the financial system of the European Union is very unstable and people are losing confidence.” Moreover, the EU authorities should expect “strong gratitude from Europeans for hyperinflation that cannot be attributed to vile Russians, lack of basic food in stores and an influx of refugees that will lead to a “crime wave”.
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