Moody’s: Russia's strong public and external finances to help shield broader economy

Dhwani Mehta FXStreet

The US-based ratings agency, Moody’s Investors Service, published its latest review on the Russian economy, in the wake of the US sanctions, with the key highlights found below.

Russia's strong public and external finances to help shield broader economy.

The country's banking system has sufficient earnings capacity to absorb credit losses from exposure to the sanctioned companies that have their access cut off from international capital markets.

Expect Russia's Central Government to increase support to regions that suffer a drop in revenues from sanctions.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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