Sergey Ivanov: Russia is ready to open new page in relations with U.S. after electionsRussian Politics & Diplomacy October 24, 4:10
Qatari former Emir Sheikh Khalifa bin Hamad Al Thani dies aged 84World October 23, 23:08
Russia’s health ministry plans to build vaccines plant in EcuadorBusiness & Economy October 23, 20:19
Cygnus cargo spacecraft docks to ISSScience & Space October 23, 19:44
Whereabouts of several residents of blast-destroyed house in Ryazan not yet establishedWorld October 23, 18:50
Zakharova: no cyberattack on Russian foreign ministry’s websiteRussian Politics & Diplomacy October 23, 18:29
Russian Minister of Energy: Russia, Saudi Arabia begin new stage of energy cooperationBusiness & Economy October 23, 17:32
Russia not ready to say whether it will cut oil production or freeze itBusiness & Economy October 23, 17:29
Experts probing into situation around cyberattack on Russian foreign ministry’s websiteRussian Politics & Diplomacy October 23, 17:05
MOSCOW, March 20. /TASS/. The former Russian Finance Minister and the head of the Civic Initiatives Committee think tank Alexey Kudrin does not think the decisions by international rating agencies to downgrade Russia’s sovereign rating to speculative level were politically motivated.
"I do not think that those decisions were politically motivated," Kudrin said Friday. "Judging from objective indicators of our economy, unfortunately, we’re in this risk zone," he said.
Moody’s rating agency downgraded Russia’s sovereign rating to speculative Ba1 level from Baa3 with negative outlook on February 21, citing the Ukrainian crisis and oil price plunge as the main reasons for the downgrade. Moody’s followed Standard & Poor's in its move to downgrade Russia’s sovereign rating to speculative level.
However, Alexey Kudrin also mentioned the effect of the consequences of anti-Russia sanctions for those decisions. "Sanctions are a political decision, while the rating is a consequence, which stated Russia’s special position on the global markets," he said. "When losing the ratings, we fell out of the race of the world’s economic leaders," Kudrin added.