“The decision of S&P Global Ratings to maintain the long-term credit rating of Russia on liabilities in foreign currency at 'BBB-' with a stable outlook can be regarded as confirmation of the effectiveness of the government's measures to overcome the unprecedented challenges of 2020,” RIA Novosti Siluanova quotes.

He noted that this is of particular importance against the background of the fact that last year more than half of the countries in the world faced a downgrade.

According to him, last year's example shows that conservative budget planning, the mechanism of the budget rule and the monetary policy pursued by the Bank of Russia are the key to the stability of the Russian economy.

Earlier, the international rating agency S&P confirmed the rating of Russia on liabilities in foreign currency at the level of 'BBB- / A-3'.