The pressure of sanctions on the Russian economy it starts to take effect. The rating agency Fitch has downgraded Russia’s sovereign debt rating from “B” to “C”, just above “junk bond” status, which is the category of countries that are at risk of not being able to pay their debt.
Meanwhile, more multinational companies are withdrawing from Russia or temporarily closing down. Nestle and Heineken have joined McDonald’s and starbucks to avoid Russian streets.
Reactions in Moscow have been diverse:
“I can’t say I regret it, there will be a different cafe. It’s sad to see what is happening in the country, but we will get through it. I think we will have an alternative,” said Svetlana Isayeva, manager of a retail group.
“No one wants this to happen. [que las empresas se vayan]But if they close, let them close. There will be more Russian businessmen here,” another Moscow resident said.
“I’m not worried about McDonald’s closing, I think saving lives is much more important than eating tasty food,” said Stanislav Logvinov, a Russian student.
The Kremlin has accused the United States and its allies of waging economic war against Russia.