Extension of OPEC deal aimed at aligning energy prices dynamics, Kremlin saysBusiness & Economy May 23, 15:41
Kremlin unveils Putin-Macron talks agendaRussian Politics & Diplomacy May 23, 15:16
Syrian opposition faction leader warns Geneva talks may break downWorld May 23, 15:10
Russia's top diplomat says Syria settlement requires Iran’s participationRussian Politics & Diplomacy May 23, 14:38
Four men and a dog: How Papanin’s team conquered the North PoleSociety & Culture May 23, 14:20
World Bank predicts investments in Russia’s fixed assets to surge to 2% in 2017Business & Economy May 23, 14:16
Manchester shopping mall evacuated following terror attackWorld May 23, 13:44
Lavrov warns Syria’s plight will drag on if efforts to divide it continueRussian Politics & Diplomacy May 23, 13:41
Forces behind Manchester attack seek to spread panic across globe, Russian think tank saysRussian Politics & Diplomacy May 23, 13:31
ST.PETERSBURG, June 19. / TASS / The difficult situation in Russia is not over and will continue in 2016, said Sberbank CEO German Gref in an interview with RBC television at the St. Petersburg International Economic Forum on Friday.
"The difficult economic situation, in which we are in right now, is not over yet. It will continue throughout this year and part of next. Most likely, there won't be such a sharp drop in production and GDP as before. As I said some time ago, the acute phase of the crisis has passed, but that does not mean that we have passed the crisis itself.
According to Gref, in order to achieve a sustainable growth path, "a lot of work is up head."