International rating Agency Moody's downgraded the ratings of seven of the largest financial institutions in Russia After the announcement of the reduction in the credit rating of the Russian Federation from Baa1 to Baa2. The list includes Sberbank, Bank VTB, Gazprombank, Russian agricultural Bank, the Agency for housing mortgage lending " Vnesheconombank "and " Alfa-Bank ".

The long-term ratings of these institutions is negative.

before the first day of the weekend, the Agency Moody's downgraded the credit chart Russia from Baa1 to Baa2. Among the reasons for the downgrade of the country, the Agency pointed to the unfolding crisis in Ukraine, which, for its part, has an impact on the economy of the Russian Federation in the form of penalties, including limits regarding the largest Russian credit organizations and some of the key plants of defense and energy industries.

in addition, experts Moody's predicts " a gradual but continuous decrease in foreign exchange reserves of the country, provoked by the outflow of capital, difficulties in the access of borrowers to international credit markets and falling prices for petroleum products.

Relations between Russia and the West has been exacerbated by the crisis in the Ukraine. At the end of July, the EU and the US from point penalties with respect to certain individuals and organizations have moved to the measures against entire sectors of the Russian economy, as well as among them, banking, defense, and energy. In response, Russia has restricted the import of food items from countries that have introduced in relation to penalties: USA, EU, Canada, Australia and Norway

sections: Politics