• Update on Russia’s resilience to the Covid-oil shock; 
• Medium term implications of the dual shock for Russia’s credit profile;
• Geopolitics back in focus: how we view the sanctions risk.

Evan Wohlmann, Vice President – Senior Credit Officer, Sovereign Risk Group, Moody’s Investors Service

Banking Session: Russian banks: Coping with the coronavirus and oil shock

• Outlook for the system is negative due to pandemic and oil price shock;
• Capital and liquidity buffers are robust; 
• Government and central bank actions have softened the impact of coronavirus; 
• Second wave of pandemic is the key risk for Russian banks.

Olga Ulyanova, Vice President - Senior Credit Officer, Financial Institutions Group, Moody’s Investors Service

Corporates Session: Russian rated non-financial corporates will remain resilient to coronavirus-oil price crisis, but not immune to global shocks

• Credit impact of covid/oil price shock on rated corporates; 
• Sector Heat map and key themes for 2021;
• Liquidity and default expectations for 2021;
• Q&A session with analysts.

Victoria Maisuradze, Associate Managing Director, Head of Russia & CIS Corporates, Moody’s Investors Service

MODERATOR: Yaroslav Sovgyra, Associate Managing Director, Head of Russia & CIS Banking, Moody’s Investors Service