Russia wants to pay in Rubble but those are not the conditions of the loan.

You heard some noise, but have no any clue. Some Russian entity wants to pay as usual in USD/EUR. But USD/EUR transfers from Russia are prohibited for the receiving side for whatever reason and definitely not by Russia. Russian entity says - OK, not a problem, if you can't accept USD/EUR, we could pay in RUB if you wish. And that's all.

And the link to the loan condition is completely void. Every single contract have a force-majeure section. That situation, when loan payment is impossible due to any circumstances that not depends on the paying party including different government orders and state laws that did not existed at the moment of signing a deal, is definitely fall into force-majeure section, so both parties have to find other ways to complete the deal. So Russian entity just propose a way to circumvent force-majeure - if you can't accept USD/EUR, may be you can accept RUB, because there is nothing in state law about RUB at all and you can't be punished for that. There is nothing to do even with "technical default". But if the receiver of payment deny any of your proposals and insist on paying in USD/EUR he can't receive, that could be a court case from the Russian entity side.

It's like I take a loan of $100 from you, and when it come to the loan payment your USD bank account was seized by state for not wearing the mask or some mindcrime. So, I have $100 to pay you, but you can't take it because now you have no account to receive payments - your government seized it and it is even not your fault. It is a force-majeure situation and either you propose a solution, either I could propose to return that loan in bitcoins to avoid seizure. If you have no way to accept my USD/EUR payment but insist on paying you in USD/EUR, that is my "technical default", but your swindle or attempt to do a "racketeer trick". And in no case that situation do any harm for me, since I lost nothing and did everything I could in force-majeure situation, it is just a loss of any of your credibility as a capable deal party.

Or simplier example - you took a loan in a bank, bought what you need, earn enough money to pay it to the date and when you come to the bank it can't accept your money because there are no electricity in the bank and they can't close the deal. This is your "technical default". And if the bank then will blame you for payment delay, then it will be a court case that you will easily win even in corrupted Russia.

Russia wants to pay in Rubble but those are not the conditions of the loan.

You heard some noise, but have no any clue. Some Russian entity wants to pay as usual in USD/EUR. But USD/EUR transfers from Russia are prohibited for the receiving side for whatever reason and definitely not by Russia. Russian entity says - OK, not a problem, if you can't accept USD/EUR, we could pay in RUB if you wish. And that's all.

And the link to the loan condition is completely void. Every single contract have a force-majeure section. That situation, when loan payment is impossible due to any circumstances that not depends on the paying party including different government orders and state laws that did not existed at the moment of signing a deal, is definitely fall into force-majeure section, so both parties have to find other ways to complete the deal. So Russian entity just propose a way to circumvent force-majeure - if you can't accept USD/EUR, may be you can accept RUB, because there is nothing in state law about RUB at all and you can't be punished for that. There is nothing to do even with "technical default". But if the receiver of payment deny any of your proposals and insist on paying in USD/EUR he can't receive, that could be a court case from the Russian entity side.

It's like I take a loan of $100 from you, and when it come to the loan payment your USD bank account was seized by state for not wearing the mask or some mindcrime. So, I have $100 to pay you, but you can't take it because now you have no account to receive payments - your government seized it and it is even not your fault. It is a force-majeure situation and either you propose a solution, either I could propose to return that loan in bitcoins to avoid seizure. If you have no way to accept my USD/EUR payment but insist on paying you in USD/EUR, that is my "technical default", but your swindle or attempt to do a "racketeer trick". And in no case that situation do any harm for me, since I lost nothing and did everything I could in force-majeure situation, it is just a loss of any of your credibility as a capable deal party.

Or simplier example - you took a loan in a bank, bought what you need, earn enough money to pay it to the date and when you come to the bank it can't accept your money because there are no electricity in the bank and they can't close the deal. This is your "technical default". And if the bank then will blame you for payment delay, then it will be a court case that you will easily win even in Russia.

Russia wants to pay in Rubble but those are not the conditions of the loan.

You heard some noise, but have no any clue. Some Russian entity wants to pay as usual in USD/EUR. But USD/EUR transfers from Russia are prohibited for the receiving side for whatever reason and definitely not by Russia. Russian entity says - OK, not a problem, if you can't accept USD/EUR, we could pay in RUB if you wish. And that's all.

And the link to the loan condition is completely void. Every single contract have a force-majeure section. That situation, when loan payment is impossible due to any circumstances that not depends on the paying party including different government orders and state laws that did not existed at the moment of signing a deal, is definitely fall into force-majeure section, so both parties have to find other ways to complete the deal. So Russian entity just propose a way to circumvent force-majeure - if you can't accept USD/EUR, may be you can accept RUB, because there is nothing in state law about RUB at all and you can't be punished for that. There is nothing to do even with "technical default". But if the receiver of payment deny any of your proposals and insist on paying in USD/EUR he can't receive, that could be a court case.

It's like I take a loan of $100 from you, and when it come to the loan payment your USD bank account was seized by state for not wearing the mask or some mindcrime. So, I have $100 to pay you, but you can't take it because now you have no account to receive payments - your government seized it and it is even not your fault. It is a force-majeure situation and either you propose a solution, either I could propose to return that loan in bitcoins to avoid seizure. If you have no way to accept my USD/EUR payment but insist on paying you in USD/EUR, that is my "technical default", but your swindle or attempt to do a "racketeer trick". And in no case that situation do any harm for me, since I lost nothing and did everything I could in force-majeure situation, it is just a loss of any of your credibility as a capable deal party.