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Rating agencies Fitch and Moody's both slashed Russia's credit rating by six notches to "junk" status as a result of the Western sanctions.

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Rating agencies slashed Russia's credit rating by six notches as a result of the Western sanctions. S&P downgraded Russia's credit last week. Moody's stated that the sanctions went beyond expectations. Fitch expects more sanctions on Russian banks in the future.

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The Kyiv Independent news desk

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The leaders "agreed on new steps in security cooperation," Zelensky wrote on Telegram following the talks. Ukraine is ready to support Turkey with "expertise, technology, and experience," and details of the agreements will be finalized in the coming days.

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