Report: Russian economy may withstand new US sanctions Ц MoodyТs - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Russian economy may withstand new US sanctions Ц MoodyТs

MOSCOW, Aug 6 (PRIME) -- The Russian economy is able to withstand even the unlikely scenario of the U.S. expanding its economic sanctions on the countryТs sovereign debt, Bloomberg reported on Monday quoting international rating agency MoodyТs Senior Vice President and analyst Kristin Lindow.

Lindow said that the Russian governmentТs measures to reduce investment in U.S. treasuries and to cut dependency on the U.S. dollar made the economy less sensitive to the threat of large-scale restrictions. Russia is ready to neutralize any possible impact from the new U.S. sanctions, Bloomberg reported with a reference to Lindow.

The analyst also assumed that the sanctions would unlikely cover RussiaТs sovereign debt after the U.S. Department of the Treasury had warned senators that the sanctions may destabilize global markets. The example with aluminum giant UC RUSAL, when U.S. sanctions hit many markets outside Russia, should have become a lesson for them, Lindow said as reported by Bloomberg.

On August 2, a group of U.S. senators introduced a draft law on new anti-Russian sanctions, including sanctions against sovereign debt and politicians as well as caps for energy investment and restriction of uranium imports.

End

06.08.2018 10:57
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep