Prowling Amur tiger nabbed near Russian Far Eastern city of VladivostokSociety & Culture October 27, 13:55
Russian experts create "smart foil" for mounting transducersScience & Space October 27, 13:54
Caspian Flotilla ships return from long-distance voyageMilitary & Defense October 27, 13:33
Russian senator urges probe into children death in Syria’s IdlibRussian Politics & Diplomacy October 27, 13:32
Putin awards Emir Kusturica with Order of FriendshipSociety & Culture October 27, 13:20
Moscow court upholds arrest of Ukrainian accused of spyingWorld October 27, 13:18
UN-OPCW report on Syrian chemical attacks 'gives no ground for sanctions'Russian Politics & Diplomacy October 27, 13:00
Press review: Russia-US jointly freeing Raqqa and falling alcohol importsPress Review October 27, 13:00
Launch of Soyuz MS-03 space vehicle to ISS postponed till Nov 17Science & Space October 27, 12:18
"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.