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A comment on Ask HN: How likely are we to see a financial crash this year?. Parent comment

Re:Ask HN: How likely are we to see a financial crash this y... by mohanmcgeek on Wednesday March 23, 2022 @12:22PM (#30780106)
> eager to default at this point as doing so could cause financial damage in the West.

What about Russian banks and Russian bond holders? External debt is generally only a fraction of the total debt

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Re:Ask HN: How likely are we to see a financial crash this y... by UncleOxidant on Wednesday March 23, 2022 @12:24PM (#30780140)
I'm sure they'll prioritize internal debt-holders of debt denominated in rubles. It's the debt owed to external entities that's denominated in other currencies that will be defaulted on.
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