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Russia-Ukraine-News on Wednesday: Fitch further downgrades Russia – default imminent

2022-03-09T00:45:27.640Z


The rating agency Fitch has lowered Russia's creditworthiness even further into the "junk zone". Hundreds of Germans are apparently also fighting in Ukraine. And: Selenskyj thanks Biden and Johnson. the news


Enlarge image

Damaged house in southern Ukraine's Mykolaiv: Putin's invasion of the neighboring country has further consequences for Russia's creditworthiness

Photo: BULENT KILIC / AFP

This text is continuously updated.

Zelensk

yj thanks USA for ban on oil imports from Russia

12:57 a.m .:

Ukrainian President Volodymyr Zelenskyy thanked the United States for the ban on oil imports from Russia.

“I am personally grateful to President Biden for this decision.

Every penny Russia pays turns into bullets and missiles flying to other sovereign states," he said in a video message released Tuesday night.

He also thanked British Prime Minister Boris Johnson that Great Britain no longer wants to import Russian oil from the end of 2022.

»The world does not believe in the future of Russia.«

Video: US President Joe Biden announces new sanctions against Russia

Apparently hundreds of Germans are fighting in Ukraine

00:28:

According to a newspaper report, hundreds of Germans volunteered to join the Ukrainian army.

Almost a thousand Germans are currently deployed in Ukraine, writes the "Bild" newspaper.

She relies on information from Ukrainian government circles.

In the first week of the war alone, around 500 German citizens reported.

According to the newspaper report, a total of around 22,000 foreigners are now fighting in the Ukrainian army.

Most of the mostly young men come from Eastern Europe, but also from the USA, for example.

Video on foreign fighters in Ukraine: "We are here because of the war crimes"

Fitch

further downgrades Russia - 'default imminent'

12:05 a.m .:

The rating agency Fitch has lowered Russia’s credit rating again.

The company downgraded the company's credit rating from "B" to "C" even lower in the so-called junk zone, which is intended to identify high-risk investments.

The rating now means that a default is imminent, Fitch said.

The credit watchers justified the assessment with increased doubts about Russia's willingness to pay.

The sanctions due to Russia's war of aggression against Ukraine limit the options for paying off debts to international creditors anyway.

The other two major rating agencies, S&P and Moody's, had recently lowered Russia's credit rating further into the junk zone.

Actually, Russia's treasury is well stocked.

However, the access to currency reserves, which is severely limited by the sanctions, is considered particularly critical.

aar/dpa/Reuters/AFP

Source: spiegel

All news articles on 2022-03-09

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