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Russia's Economy Rated As 'Junk' As Harsh Sanctions Continues | Russia-Ukraine War | Latest News
Posted
March 4, 2022
Views
393
Likes
5
Engagement
1.27%
March 4, 2022
393
5
1.27%
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2:23Now PlayingDue to the imposition of harsh sanctions on Russia by the Western Countries, the economy of Russia has been severely affected. In the latest developments, credit rating agencies have also slapped Russia with a set of new sanctions, thereby worsening the economic situation of Russia. Moody's Corporations and Fitch ratings have downgraded the credit rating of Russia to 'Junk.' This implies that the Putin government will have to pay a high borrowing cost, thereby making it vulnerable to high credit rates. Meanwhile, the slew of sanctions by Western countries continues to remain in place with more harsh sanctions expected in the future.
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#Russia #UkraineCrisis #Sanctions
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