Siluanov commented on the rating upgrade of Russia by Fitch

“We expect that the Fitch decision will become the logical basis for raising the sovereign credit rating of Russia by other agencies of the Big Three,” Silvanova quoted Interfax as saying.

On August 9, the international rating agency Fitch upgraded Russia's long-term foreign currency credit rating at investment grade from BBB- to BBB.

In July it was reported that the international rating agency Standard & Poor's (S&P) maintained Russia's credit rating at “BBB-” with a stable outlook.