International assessments rate Russian financial system as “facing significant risks”
While the Kremlin’s response has been robust – accusing the U.S. “illegal and unfriendly” actions, Polygraph.info is looking at the claim from the Kremlin’s press secretary Dmitry Peskov that is verifiable: Peskov said the sanctions would have no effect on Russia’s financial system, which has proven its stability when facing hardships, and that the government is keeping it “in proper state.” Peskov’s claim is not entirely accurate.
Russia’s financial stability assessments from the independent international observers highlight risks and further slowdown in growth. The risk factors include “weak governance” and “increased concentration of moral hazard.”
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