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

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.