Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
Astronauts to make quickest trip ever to ISS in DecemberScience & Space September 22, 16:27
Russian frigate Admiral Essen returns to Crimea after mission in MediterraneanMilitary & Defense September 22, 16:24
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.