https://www.reuters.com/markets/europe/fitch-downgrades-russias-sovereign-rating-b-2022-03-02/
March 3 (Reuters) - Ratings agencies Fitch and Moody's downgraded Russia by six notches to "junk" status, saying Western sanctions threw into doubt its ability to service debt and would weaken the economy.
It is obvious that American credit agencies were bound to do just that but mere credit agencies have no tangible impact on the war nor on the global economy. They dont loan money. Russia could care less what FITCH thinks just like it could care less about what FIFA thinks.
In any case, the world economy, AFTER the great reset, will NOT be credit-based.
And to top it off...all of this "economic turmoil" is happening without ANY input from China.
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