Russia's Finance Ministry on Monday accused foreign countries of wanting to force Russia into "artificial bankruptcy" through unprecedented sanctions in connection with what Moscow calls a "military operation" in Ukraine.
"The freezing of foreign currency accounts of the (Central) Bank of Russia and the Russian government can be seen as a desire of some foreign countries to organize an artificial bankruptcy that has no real economic reasons," Finance Minister Anton Siluanov said.
US rating agency Fitch further downgraded Russia's sovereign debt rating to the "junk" category last week, warning that the decision reflected a view that a default is "imminent".
(CNA)
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