Economic security

Russian economy resilient in face of latest US sanctions – Moody’s

In its latest review of Russia, US-based ratings agency Moody’s said that the country’s strong public and external finances would shield its economy from the impact of the latest US sanctions.

The Russian banking system has sufficient earnings capacity to absorb credit losses arising from exposure to the sanctioned companies, Moody’s said. It added, however, that the sanctions will be credit negative for some Russian debt issuers, particularly for aluminum major RUSAL. The world’s second-largest aluminum producer’s shares touched an all-time low after the company was added to Washington's latest sanctions list.