War in Ukraine: Russia soon unable to pay its debts, warns agency

> increase the probability of a policy response by Russia that includes at least selective non-payment of its sovereign debt obligations

This article is missing reality. Russia is already defaulting on its debt, by no longer paying out coupons on bonds for foreign holders.

I think lenders can be pretty sure that the outstanding debt is gone more or less.

Block cash reserves, you get problems in payment. What would you expect?