1917 Tsarist Bonds

We know we promised to talk about Venezuela. But we got distracted by a filing in the district courts in DC. A claim for payment on Tsarist bonds from 1917, being made in 2026. How could we pass that up? We also confess to being intrigued that the lawyers for Russia have asked that the judge in DC — Judge Friedrich — give Rule 11 sanctions against the plaintiffs. There are clear potential barriers to this claim on the merits but asking for Rule 11 sanctions on this basis seems a bit rich. Plus, we love the resuscitation of old Tsarist or Imperial bonds.

Producer: Leanna Doty