Fitch withdraws Russia's ratings to comply with EU sanctions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Earlier this week, Fitch also said it would withdraw ratings on all Russian entities and their subsidiaries before April 15, the deadline set by the EU.Earlier this week, Fitch also said it would withdraw ratings on all Russian entities and their subsidiaries before April 15, the deadline set by the EU.

Aggressive sanctions against Russia over its invasion of Ukraine have targeted several banks and businesses, crippling the country’s economy and prompting the Russian rouble’s freefall. Investors and experts are also concerned Russia could be plunged into a debt default, as its economic institutions face unprecedented sanctions.

Earlier this week, Fitch also said it would withdraw ratings on all Russian entities and their subsidiaries before April 15, the deadline set by the EU.

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