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Russia’s Shield Against Sanctions Draws Praise From Moody’s

  • Government has offloaded $81 billion of Treasuries since April
  • Measures show Russia is ‘planning accordingly’ for penalties
Sharp Decline
Updated on

Russia is ready to absorb the blow from any new sanctions the U.S. throws its way, according to Moody’s Investors Service.

Measures to cut down holdings of Treasuries and reduce exposure to the dollar have made the economy less vulnerable to the threat of deeper penalties, Moody’s analyst Kristin Lindow said in an interview. The country could even weather the unlikely scenario of sanctions on sovereign debt recently proposed by U.S. lawmakers, she said.