For the first time in five years Standard & Poor’s has cut Russia’s credit rating to ‘BBB-‘, just above junk status. It warns the tension in Ukraine and ‘significant’ capital outflow could mean another downgrade. Moscow says it is “politically motivated.” “In our view, the tense geopolitical situation between Russia and Ukraine could see additional... 

From Left to Right: Aleksey Gromov, Sergey Ivanov, Sergey Naryshkin, Arkady and Boris Rotenberg, Vladimir Yakunin, Gennady Timchenko. US President Barack Obama has announced a new executive order imposing further sanctions on top Russian officials and businessmen. The order also allows for measures against Russian energy, mining, defense, and engineering sectors. “We’re imposing sanctions...