MS : Russia Will Default Like Venezuela

Morgan Stanley Says Russia’s Set for Venezuela-Style Default
https://finance.yahoo.com/news/morgan-stanley-sees-russia-set-161814422.html

Bloomberg
Maria Elena Vizcaino
March 8, 2022, 12:38 am

The odds of Russia making its foreign debt payments are diminishing as bond prices fall, recession in the nation looms and various payment restrictions pile up after the invasion of Ukraine, according to Morgan Stanley & Co.

 

I have given up on how many times these Morgan Stanley pieces have been so far off the mark it appears afterward they had their head up their ass.

 

Russia now is in the deep value territory.
Russia now is in a deep doo doo.

One of the above statements is false.

 

What does this mean practically?

They are already sanctioned up their butts.

 

I don't know nooby. I can only guess. But, so be it.