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They introduced earlier right this moment that Russia might cease exports to sure international locations. That is to make the businesses reliant on Russia imports really feel dangerous as retaliation.
Additionally, in the event that they have been paying important curiosity on these loans, even a 1/3 drop in income might not influence general profitability very a lot.
As an example they might be paying 8% curiosity. Let’s say they owe 100,000,000
They should pay $8m in curiosity.
Let’s say they have been profiting $32m
In the event that they promote a 3rd of their fleet to repay the mortgage. Now their base revenue is 32+ 8 = 40m however they’ve decreased capability by 1/3 so their new whole revenue could possibly be one thing like 27m. Total, not a dramatic change in profitability.
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