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Downgraded Russian rating expected, politically motivated — minister

April 25, 2014, 13:22 UTC+3 KHABAROVSK
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KHABAROVSK, April 25. /ITAR-TASS/. International rating agency S&P’s decision to downgrade Russia's sovereign credit rating was expected and partly politically motivated, Russian Minister of Economic Development Alexei Ulyukaev said on Friday.

“It is clear that this was a partially politically motivated decision and probably partly a response to the worse macroeconomic situation in which we are now,” the minister said.

“I do not believe that this will affect investors. It seems to me that this decision was included in investment expectations. I do not expect any changes,” Ulyukaev added.

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