Russia is less vulnerable to external shocks linked to turbulence in energy markets than many other oil-exporting nations, according to rating agency Moody’s.
The dramatic plunge in oil prices could cut fiscal revenue and exports by more than ten percent of GDP for most exposed oil-exporting sovereigns and could eventually weaken their credit profiles, Moody’s analysts warned in a recent report. However, the impact would differ from nation to nation, depending on how much its economy is reliant on energy exports.
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