The country’s drive to free itself of its reliance on commodity exports has been “seriously impaired” as a result of the global financial crisis, Moody’s Investors Service said Thursday.
“The potential for Russia’s economy to diversify away from commodity exports and toward a greater amount of high value-added manufacturing and service activity — given the right set of policies — has been seriously impaired by the impact of the global crisis, at least during the medium term,” Jonathan Schiffer, Moody’s vice president and senior credit officer, said in a report.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.