The Standard & Poor's ratings agency on Thursday revised Russia's outlook to negative on rising political and geopolitical risks linked to the raging Ukraine crisis and accompanying Western sanctions.
"Heightened geopolitical risk and the prospect of US and EU economic sanctions following Russia's incorporation of Crimea could reduce the flow of potential investment, trigger rising capital outflows, and further weaken Russia's already deteriorating economic performance," the rating's agency said in a report prepared before the European Union and Washington announced a new wave of sanctions on Thursday.
The Standard & Poor’s ratings agency on Thursday revised Russia’s outlook to negative on rising political and geopolitical risks linked to the raging Ukraine crisis and accompanying Western sanctions.
“Heightened geopolitical risk and the prospect of US and EU economic sanctions following Russia’s incorporation of Crimea could reduce the flow of potential investment, trigger rising capital outflows, and further weaken Russia’s already deteriorating economic performance,” the rating’s agency said in a report prepared before the European Union and Washington announced a new wave of sanctions on Thursday.
