S&P: the strengthening of relations between Russia and the U.S. can improve the rating of the Russian Federation

MOSCOW, November 17. The strengthening of relations between Russia and the U.S. can improve its ranking, and the development of international cooperation may help Russia to remove the imposed sanctions, says the Director of sovereign ratings of international rating Agency S&P Moritz Kremer.

On it informs Agency Bloomberg.

The President of Russia Vladimir Putin and us leader Barack Obama for 20 minutes talking on the sidelines of the G20 summit. The leaders took advantage of a pause between the meeting of the BRICS heads of state and work session of the summit, to speak separately.

They took their places in chairs across from each other for awhile and talked one-on-one in the presence of only translators. The content of the conversation is not known, a work lunch, and contacts of the leaders of the participating countries of “twenty” are in closed to the press. Later the press service of White house reported that Barack Obama and Vladimir Putin agreed that the Syrian people should independently choose the direction of political reforms. Obama also noted the significance of the military efforts of Russia in Syria.

In addition, the American newspaper the Wall Street Journal wrote about that at the G20 summit in Antalya Russian President Vladimir Putin was given a Central role, and the isolation of Russia ended.

According to Moritz Kraemer of S&P, now there is a coincidence of interests of the parties. “I wouldn’t call it a breakthrough, but it can lead to better cooperation, which in turn may lead to a revision of sanctions.”

The EU’s decision on sanctions is more important for the Russian Federation, according to S&P, because the EU is closer economic relations with Russia. The President of Russia Vladimir Putin and Prime Minister of great Britain David Cameron at a meeting in Antalya stated the need to jointly fight terrorism. Besides, Vladimir Putin met with German Chancellor Angela Merkel at the G20 summit.

However, the main concern of Russia is the “low growth potential”, said Kramer. Strengthening the economy and maintaining fiscal buffers could improve the Outlook on the ratings of the Russian Federation, and improvements in the geopolitics would also be very useful to improve the forecast, noted S&P.

Earlier in October, the international rating Agency Standard & Poor’s confirmed long-term credit rating of Russia in foreign currency at “BB+” with negative Outlook.