The globe’s three major credit rating agencies – S&P, Fitch, and Moody’s – withdrew ratings on Russia and Russian entities on Friday in order to comply with Ukraine-related European Union sanctions imposed on the country.
Russia’s absence means the negotiations in Davos could not have produced any concrete results, Dmitry Peskov has said Top officials from dozens of countries who met in Switzerland to discuss Ukraine’s ‘peace formula’ were engaged in a completely useless endeavor without Russian participation, Kremlin spokesman Dmitry Peskov said on Monday.