Sanctions

Since the last update, the US ban on import of oil and other energy sources from Russia is the only notable sanction,

Following the downgrade of Russia’s credit rating, Fitch downgraded ratings of 32 Russian banks and their foreign subsidiaries. Majority of banks ratings

Following Fitch and Moody’s, S&P downgraded Russia’s credit rating from BB+ to CCC-.  Decision is explained by sanctions, which in agency’s view