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re: Moody's downgrades Russia's sovereign credit rating by six notches to "junk" status

Posted on 3/2/22 at 9:34 pm to
Posted by NYNolaguy1
Member since May 2011
20956 posts
Posted on 3/2/22 at 9:34 pm to
quote:

And we purchase more Russian oil tomorrow too.


NPR (take it for what it's worth) was claiming today that insurers were walking away from insuring Russian oil and were getting pressure to stop their clients from purchasing Russian oil on the grounds it could get seized.

Their main concern was a coming oil crunch as the market adjusts preemptively.
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