16. March 2022

New country risk classifications for Russia and Belarus

Due to current developments in connection with the Russian attack on Ukraine, the country risk experts of the OECD performed an extraordinary review of the country risk classifications of Russia and Belarus.

The seven-level country risk classification (1 = lowest risk, 7 highest risk) was introduced on OECD level in 1999 and constitutes one parameter for the calculation of the premium. Compared with the classification so far, there have been the following changes that will take effect on 18 March 2022:


Country New category Previous category
Belarus 7 6
Russia 7 4

More Information on our focus topic: Russia – Ukraine