Moody’s outlines Russia’s role in global economy ...News

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The country is still a dominant economic power but its authority is challenged by Western sanctions, the rating agency says Russia’s economic pull in the Eurasian Economic Union (EEU) remains strong despite geopolitical tensions and Western sanctions, according to Moody’s. The rating agency, however, noted that growing uncertainty is undermining Moscow’s role as a major diplomatic player and economic hub. According to the report, the conflict in Ukraine has led Central Asian countries to reassess their trade routes, export markets, and investment sources, as they seek to diversify. This could boost regional econom

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