Fitch withdraws Russia’s ratings

The withdrawals are for sanction-related reasons as indicated by Fitch in its 23 March press release.
Under EU credit rating agency (CRA) regulation, the publication of sovereign reviews is subject to restrictions and must take place according to a published schedule, except where it is necessary for CRAs to deviate from this in order to comply with their legal obligations.
Fitch interprets this provision as allowing us to deviate from our published schedule to announce the withdrawal of Russia's ratings after the EU on 15 March 2022 issued a ban on providing credit ratings to legal persons, entities, or bodies established in Russia.