Eurovision organizers set to find solution for Russia's contestant to perfom in KievWorld March 24, 18:46
Russia’s Airborne Force wraps up large-scale drills in CrimeaMilitary & Defense March 24, 18:20
Russia may start Ka-52 attack helicopter deliveries to Egypt in 2nd half of yearMilitary & Defense March 24, 17:21
Ex-Russian MP’s suspected assassin’s ‘double’ pops up in UkraineWorld March 24, 16:59
Photos of the week: Putin at the theater, Trump behind the wheel and Erdogan playing ballSociety & Culture March 24, 16:39
Bank of Russia points to ruble cutting its 'oil dependency'Business & Economy March 24, 16:33
Legendary Soviet test pilot Mikoyan passes away at 94Military & Defense March 24, 16:22
Russian Aerospace Force received 16 Su-34 fighter bombers in 2016Military & Defense March 24, 16:06
Russian diplomat notes ultimatums cause Syrian opposition to suffer defeatsRussian Politics & Diplomacy March 24, 15:46
"We believe that the complex geopolitical situation between Russia and Ukraine may lead to additional substantial outflow of both foreign and local capital of the Russian economy, undermining the already weak growth prospects," S&P said.
Russian Economic Minister Alexei Ulyukayev believes that an investor should be given an alternative in choosing ratings.
“The thing is that the existing rating agencies - the Big Three - are called international, but they are self-named international agencies. Generally speaking, these are US agencies. They simply have gone through a certain path of development and investors find it convenient to use them,” he said.
“We cannot force investors to switch from one rating agency to another, but we should give them an alternative. An investor should decide himself what agency will be better for him to use,” Ulyukayev said, adding that not only China, but also Europe also approved a legal framework to create their own rating agency.
Earlier Russian Deputy Prime Minister Igor Shuvalov said the government had been working to reduce dependence on foreign ratings.
“We are interested in rating agencies not to be influenced by their governments or political systems and the image or the investment rating of one or other country not to be lowered as if at a command,” he said.