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Moody's downgrades Russia's credit rating close to default.

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Rating agency Moody's expects the Russian economy to shrink by 7% in 2022 and decline further in 2023.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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"Our country reminds the world before the start of the 2026 Winter Olympics that sport is not outside of politics. After all, the sanctioned individuals openly support aggression, war crimes, and occupation, thus destroying the principles and values ​​of the Olympic movement."

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