Russia's economic policy is given seal of approval

Credit-rating agency Standard & Poor's has lifted Russia's credit worthiness for both its long and s...

Credit-rating agency Standard & Poor's has lifted Russia's credit worthiness for both its long and short-term debt in an endorsement of Vladimir Putin's economic stewardship. The improvement in Russia's rating coincides with Putin's worst period of popularity as he struggles to introduce changes to the country's benefits system. S&P said high oil prices had already improved Russia's debt level to such an extent that the Russian government would be able to continue paying its creditors even if the price of oil fell to $20 a barrel. The average price of a barrel in January was $31.30. Des...