Fitch Assigns 2021 Outlook to Russian Corporate Sector

"Fitch Ratings' forecast for the Russian corporate sector for 2021 is stable," the organization's press service quoted TASS as saying.

It is noted that a worsening of the situation compared to the tense situation in 2020 is unlikely.

Russian portfolio returns are expected to decline 4.6% in 2021.

Earlier, the head of the Central Bank Elvira Nabiullina said that the Russian economy will reach the level before the start of the pandemic in mid-2022.