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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Russia to default in debt payment amid stifling sanctions

  • By Al Mayadeen Net
  • Source: Agencies
  • 16 Mar 2022 13:58
2 Min Read

Russia prepares to pay its first interest payment after being sanctioned by the West.

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  • Russia debt payment due amid default fears over Ukraine sanctions
    Russia debt payment due amid default fears over Ukraine sanctions.

Russia is scheduled to make its first interest payment on its foreign debt on Wednesday, the first since the West imposed sanctions on Moscow over Ukraine.

Moscow is due to pay $117 million on two dollar-denominated bonds.

Sanctions imposed in response to Russia's special operation in Ukraine have targeted $300 billion of the country's foreign currency reserves kept overseas. 

The Finance Ministry declared earlier this week that it had sent a payment order for "a total of $117.2 million," indicating a desire to pay.

Read more: Putin approves paying foreign creditor in rubles

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Previously, Russian Finance Minister Anton Siluanov denied that Russia would be unable to make the payments.

He stated that Russia was willing to service the loan in rubles at the rate set by Russia's central bank on the day of payment. He also accused the West of coercing Russia into an "artificial default".

If Russia fails to make the bond payment, an automatic 30-day grace period kicks in, and after that, it is regarded as default on its foreign currency-held debt.

US sanctions' influence on Russian debt

US sanctions should not immediately limit Russia's ability to fulfill its debt, according to JPMorgan analysts.

Interest payments to American entities on bonds issued by Russia's Central Bank, Finance Ministry, or National Wealth Fund before March 1 are "permissible through May 25." After, they would need the authorization to continue receiving these payments, according to the US Treasury.

Western sanctions have damaged Russia's banking sector and financial system, causing the ruble to plummet.

A default automatically cuts a state from the financial markets and compromises a potential return for several years.

  • Moscow
  • Anton Siluanov
  • Russia
  • Ukraine
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As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

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