FT: Russia is a Creditor to the World - Default Risk Non-existent

``We would add that one of the persistent errors made in scaremongering articles like this one by Ambrose Evans-Pritchard in the Daily Telegraph is that they write as if the only foreign exchange in Russia available to pay off debts is the $400 billion of reserves held by the Central Bank.  That is simply not the case as the above quote from the FT shows.''