Currently the following things are true:
- Western countries have frozen most of Russia's foreign currency reserves
- Russia is either in default or would be soon
However #1 is seen as far and justified by the West, while #2 seems to be at least somewhat condemned. But isn't it only fair for a country to stop paying their debts if their foreign accounts are frozen? This would be somewhat akin to my bank freezing my salary account for some reason, but then still expecting me to make mortgage payments, which seems completely unfair.