Rating agencies’ fears regarding Russian economy are groundless, Oreshkin says

2015-2016 fears of the international rating agencies regarding the Russian economy are now largely groundless, Russian Economic Development Minister Maxim Oreshkin said.

"We are close to a stable and low inflation, have returned to the economic growth," he said. ”There is a stable dynamics in the foreign exchange market, the mechanisms have been created to protect the economy from external shocks and volatility of the oil prices," TASS quotes the head of the Ministry of Economic Development. Speaking about the expectations of revision of Russia's S & P rating on September 15, Oreshkin pointed out that all these factors together allow us to say that Russia deserves higher ratings. "But specific ratings are a decision of specific rating committees and agencies," he added.