The Fitch Ratings international rating agency confirmed Russia’s investment rating at BBB level, with a positive forecast. “Russia’s ratings balance between a very strong sovereign balance, reliable external finances and reliable macroeconomic policies against a background of weaker growth prospects, high commodity dependence, weak management standards and geopolitical tension”, the report says.

      According to RBC, Russia has maintained this rating since 2017 and is on par with Cyprus, Hungary, Romania, India and Uruguay. As the agency notes, sanction risks reduce the level by one stage.

      At the same time, according to the analysts’ forecast, a double surplus of Russia, its low public debt and large foreign exchange reserves will allow the country’s economy to withstand new sanctions.