The media reported an increase in Russia's sovereign rating abroad

Russia has received its first sovereign credit rating with a stable outlook since the start of the special military operation in Ukraine. This was reported on May 19 by the newspaper Vedomosti.

It is clarified that the Chinese company China Chengxin International Credit Rating (CCXI) has upgraded Russia's rating to BBB+g with a stable outlook. The BBB+g rating is a stable rating that indicates average economic and financial stability and average risk of default.

The CCXI statement noted that the Russian economy is showing adaptation to external sanctions and remains resilient to external shocks. It is noted that the agency positively assessed the current financial and monetary policy, sufficient reserves and the availability of the national welfare fund, which ensure stability in servicing external debt.

The report also stressed that Russia is regularly fulfilling its debt obligations, while the level of public debt remains low. In addition, the development of the military-industrial complex has reduced the country's energy dependence and can become the basis for future civilian economic recovery.

Budgetary progress: Moscow's share in the Russian economy has exceeded 21%

Putin announced the successes of the capital in almost all directions

Earlier, on May 13, Russian President Vladimir Putin, at a meeting with members of the All-Russian Public Organization Delovaya Rossiya, said that Russia's economic stability had largely become possible thanks to the active support of the business community. The Russian leader said that despite all the difficulties and the so—called external pressure, last year Russia still managed to achieve significant growth, both for the country and for the global economy.