S&P Dims Outlook on Russia to 'Negative' on Geopolitical Jitters

Hours after President Obama threatened to sanction key sectors of Russia’s economy, Standard & Poor’s downgraded its outlook on Russia on Thursday to “negative” amid fears over the economic fallout of the deteriorating geopolitical situation.

The move by the ratings company underlines the financial ramifications of Moscow’s annexation of Crimea, which has slammed Russia’s equity and currency markets.

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