Source Pravda.Ru

Rise in Russia's long-term credit rating attests to economic policy efficiency

Andrei Vavilov, a member of the Russian Federation Council (the upper house of Russia's parliament), believes that a recent rise in Russia's long-term credit rating attests to high efficiency of the country's current economic policy.

Andrei Vavilov expressed this opinion in an interview with RIA Novosti when commenting on the recent decision by the Standard & Poor's international rating agency to raise Russia's both rouble-denominated and hard currency-denominated credit ratings by two grades (to BB+) and one grade (to BB) respectively.

In 1996, Vavilov headed a group of experts holding negotiations with S&P to obtain the agency's initial long-term credit rating for Russia. The negotiations lasted three months and resulted in S&P granting Russia the BB+ long-term hard currency-denominated credit rating.

"S&P has upgraded Russia's ratings in clear recognition of the fact that the Russian Government has, to a large extent, succeeded in stabilizing the national economy over the past three years," said Andrei Vavilov.

He noted that it was a very positive factor as "the higher credit rating is bound to improve Russia's general image worldwide and help the country look more investor-friendly."

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum
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Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus