S&P downgraded Moscow's long-term credit rating

According to TASS, such actions are connected with the previous downgrade of Russia's long-term sovereign credit rating in foreign currency from BB+ to CCC-.

Earlier, the international agency Moody's also downgraded the ratings of the Russian Federation on debt obligations in foreign and national currencies.

The Ministry of Finance linked the decisions of Moody's and S&P on Russia's rating with geopolitical factors