This is chiefly a response to Michael Hudson's article in which he interpreted the new IMF rule changes as posing dire consequences for both Russia and China. Mercouris brings his legal experience to contribute to an understanding of this very complicated situation.
In his article Michael Hudson worries that before long no Western court will recognise a loan owed to China or Russia, allowing states to default on loans to those countries with impunity.
One day it may indeed come to that. However for the moment the situation is not quite as bad as Michael Hudson thinks.