this is bbc news with the latest business headlines for viewers in the uk and around the world. a us treasury decision not to allow russian bond payments threatens the country with its first default in 100 years. a scorching heatwave in india pushes farmers to make unconventional choices about their crops. a look into the future: we take a peak at what s new at microsoft s developers conference. the us is cutting off another financial route for russia to pay its international debts
this is bbc news with the latest business headlines for viewers in the uk and around the world. a us treasury decision not to allow russian bond payments threatens the country with its first default in 100 years. a scorching heatwave in india pushes farmers to make unconventional choices about their crops. a look into the future: we take a peak at what s new at microsoft s developers conference. the us is cutting off another financial route for russia to pay its international debts
facility, to build fire stations, those types of things, typical government bonds. all that comes over to orange county. all that is really known for sure is they it requires about $58 million a year in bond payments. that s what they collect in order to service that debt. so orange county would immediately have to find $58 million a year in order just to service that debt. so we just reported, you know, we have when i say we, i mean floridians. you have until, what, june of 2023 to work out any potential new agreement that may have come as a result of the signing of this. what kind of changes do you see are likely to happen before this were to take effect? especially now that people may be hearing this for the first time in this conversation from you. yeah. i mean, again, orange county s hands are tied. there s only so many they have just a few cards to play.
quite nervously because evergrande missed some key dollar bond payments there, they are going to be thinking what is going to happen to our money and they said if nothing changes, then they won t hesitate to take all the necessary actions, that includes legal enforcement. all evergrande could say it was please don t do this, please just wait, we are working out this massive restructuring plan. we think it is going to be announced in march. we know it is at a semigovernment level that this is being overseen but just this month alone evergrande is due to make $186 million of bond payments, in march it is going to be $2 billion, in april it s going to be $1 billion so this is set to be $1 billion so this is set to be probably one of the biggest debt restructuring in china s history. a lot of it now is it really in evergrande s hands anymore. really in evergrande s hands anymore- really in evergrande s hands an more. ., ., ., anymore. you are right about that. thank anymore. you are rig