Russia accuses Washington dictate cut its credit rating

Russia today condemned the decision of Standard & Poor's cut the US credit rating institution to a lesser degree than the average (BP negative), saying that the reduction came on orders from Washington. Moscow announced a plan to cope with the economic crisis caused by Western sanctions and falling oil prices.
The news agency RIA-Novosti news agency, Russian Vasily Bpinza Russian Deputy Foreign Minister said today that he does not doubt that the reduction of the Standard & Poor's rating of his country came under the direct orders of the United States, pointing out that Russia is facing a "coordinated movements to the detriment of its economy, which is part of the sanctions that have declared war against Moscow. "
He described a spokesman for Russian President Vladimir Putin's ratings downgrade that his decision was politically motivated, said spokesman Dmitry Peskov that the companies "serious follow such credit ratings that do not reflect the reality of the situation."
The reasons for the cut
American Foundation has decided -lawl time since 2004 to reduce Russia's credit rating of the degree of "BBB minus" investment to "BP negative", a degree does not encourage investors to pump money into Russia. Attributed this decision to the significant decline of the value of the Russian currency ruble (about 50%), and declining oil export revenues.

The Standard & Poor's decision to Russian stock index fell today by 3%, and the devaluation of the ruble by 1.2% in early trading.
He adds downgrade more pressure on the Russian economy, which is suffering months of the repercussions of Western sanctions on Moscow since because of the Ukrainian crisis, and also the consequences of the collapse in oil prices since the middle of last year.
Plan for confrontation
To cope with the economic crisis, Russian Finance Minister Anton Salionov today announced that his government had approved a plan to tackle the crisis include a freeze spending at current levels, and the pursuit of a return to a surplus in the budget by 2017, as required by the plan to prepare structural reforms to make Russia free from the use of reserves Finance for any shortfalls.
Led sanctions and falling oil prices to weaken the Russian economy, which is expected to record a recession in the current year by between 4% and 5%, and for the first time since Putin came to power in 2000, also exacerbated the size of capital, who fled the country in the last year to $ 152 billion.