11:11 - 18.03.2022

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March 18, Fineko/abc.az. Russia's military invasion of Ukraine exposed the CIS countries to credit risks more than expected, ABC.AZ reports with reference to Moody's Investors Service (Moody's).

It is noted that these risks mainly affect states through the channels of money transfers, trade, investor confidence, energy and security, as well as sanctions against financial institutions.

At the same time, the agency also emphasizes that Azerbaijan and Kazakhstan are protected from these impacts:

"According to our new baseline expectations, oil prices in 2022 will average above $110, unexpected revenues from hydrocarbon exports will free Azerbaijan (Ba2, Positive) and Kazakhstan (Ba2, Stable) from this external pressure."