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S&P downgrades Russia's rating closer to debt default.

by The Kyiv Independent news desk March 18, 2022 10:24 AM 1 min read
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The rating agency lowered Russia's rating from CCC- to CC as Russia struggles to pay its debts on its Eurobonds. Sanctions have reduced the country's available foreign exchange reserves and restricted its access to the global financial system.

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Baltic countries disconnected from Russia's power grid.

"This legacy of occupation meant that Moscow - which uses energy as a weapon - had control of the frequency," the ministry said in a statement on X. "That’s a critical element in maintaining reliable power supply. That dependency ends today!"
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