Chile edges Portugal with 3-0 penalty shootout win for 2017 FIFA Confederations Cup finalSport June 29, 1:38
Telegram included in register of Internet information distributorsBusiness & Economy June 28, 20:56
Putin points to growing activities of foreign secret services against RussiaRussian Politics & Diplomacy June 28, 20:36
FIFA chief Infantino to attend Chile-Portugal 2017 Confederations Cup semis match in KazanSport June 28, 20:27
Lavrov expects US to refrain from creating pretexts for new attacks on SyriaRussian Politics & Diplomacy June 28, 20:09
Top diplomat says Germany willing to open new chapter in relations with RussiaWorld June 28, 19:28
Russia open for cooperation with Germany in war on terror, Lavrov saysRussian Politics & Diplomacy June 28, 19:22
Baltic Fleet’s fighter jets hold air combat drills in Russia’s westernmost regionMilitary & Defense June 28, 18:57
Russian telecom watchdog to include Telegram in registerBusiness & Economy June 28, 18:51
MOSCOW, December 25. /TASS/. Chief Executive Officer of Russia’s top lender Sberbank expects the trend of weakening ruble to persist in 2016, he said in an interview aired by the Rossiya-24 TV news channel on Friday.
"Oil prices are very tightly bound to the Federal Reserve policy. All key trends are related to further reduction. The dollar is most likely to strengthen. The Federal Reserve will tighten its policy, which means dollars will outflow from the biggest derivatives market, meaning the oil market. From the viewpoint of the monetary environment the oil price will fall, pushing the ruble down," Gref said.
However, the current crisis will be less painful for entrepreneurs than the crisis of 2009, Sberbank CEO noted.
"To our surprise, this crisis is much less painful than the crisis of 2009. It is beneficial to borrowers. A lot of these "bubbles" — entrepreneurs snapped in 2008-2009," he said.
Gref noted that currently the banking sector has much less of fraudulent schemes. "We see that businessmen want to fight to save their companies," he added.
According to Gref, the difficult situation in the banking sector continues, but 2016 will be easier for the banks.
"The most difficult year for banking was 2015. If no further extraordinary events happen next year, this year is likely to be generally easier for the banking sector, not for the economy as a whole," Sberbank CEO concluded.