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 fair 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 is somewhat nonsensical as the primary reason why the debtors aren't getting their money back is because the debtors own nation has frozen Russia's assets, thus preventing payments from happening. In other words, it would be strange for the West to blame Russia for not paying back after freezing the money they were supposed to use for payments.