China's Huawei to invest $3 mln in joint projects with Russia in 2017Business & Economy April 25, 13:33
Mongolia asks Russia to arm its air defense forcesMilitary & Defense April 25, 13:19
Serbian military wants to take part in demining PalmyraWorld April 25, 13:06
Press review: Trump turns up heat on Iran nukes and US seeks to restore safe Syrian skiesPress Review April 25, 13:00
New GLONASS satellites will be transmitting encoded signalScience & Space April 25, 12:56
Russia calls for unbiased investigation into incident with OSCE mission in DonbassRussian Politics & Diplomacy April 25, 12:52
Russia, Serbia to boost military cooperationMilitary & Defense April 25, 12:36
Russia, Qatar eyeing joint projects worth $12 blnBusiness & Economy April 25, 11:58
Russia’s Caspian Flotilla warships take to sea in snap combat readiness checkMilitary & Defense April 25, 11:55
ST. PETERSBURG, June 18. /TASS/. There is no alternative to western capital markets, at least in the nearest years, Sberbank CEO German Gref said in an interview aired by the Rossiya-24 TV news channel at St. Petersburg International Economic Forum on Thursday.
"Currently we’re facing a situation of adjustment to new conditions when we understand that in fact capital markets are totally closed [for us]. The attempt to find an alternative in the east failed. We realize that there is no alternative to western capital markets, at least in the nearest years," he said.
"In such conditions we only have to rebuild our system, all our economy, including funding from other sources, which we’re actively doing at the moment. This is a very serious transformation, which will take some time but we’re getting adjusted to this situation," Gref said.