Russian businessman Oleg Deripaska revealed his expectations for the possibility of Washington defaulting on its financial obligations, with the approaching “inevitable date” for default on the first of next June.
In the opinion of the Russian businessman, a change in the credit rating of US debt is inevitable and will lead either to a default by the US Treasury or to a serious depreciation of the dollar.
Deripaska said in a post on his channel on the “Telegram” application today, Monday: “Adjusting the credit rating of the debt of the United States is inevitable, like the advent of winter after autumn, and then, if not the default of the US Treasury Department with debt restructuring, there will be a significant decline.” In the value of the dollar or its exchange for a digital currency and rising inflation, in general one can pick the problem himself.
“So at the moment, except for the Chinese yuan and the Hong Kong dollar, there is no alternative as an investment,” the billionaire added.
Deripaska pointed out that the way to India, Indonesia, Latin America and other countries that are practical inclined to establish relations and trade and attract partners and investors is open for Russian businessmen.
Earlier, the US President said that “things went well” during a phone call with House Speaker Kevin McCarthy on the “debt ceiling” negotiations.
For her part, US Treasury Secretary Janet Yellen confirmed that the United States will not hold out until mid-June if the government does not find a way out of the impasse of the debt ceiling.
This article was originally published by RT.
