Press review: Manchester terror attack's call to arms and US' push for Assad's ousterPress Review May 24, 13:00
Russian Navy to get seven advanced nuclear submarines by 2021Military & Defense May 24, 12:44
Defense Ministry reports on Russian army's 2016 picksMilitary & Defense May 24, 11:32
Defense minister vows causes of Tu-154 crash near Sochi will be disclosed soonWorld May 24, 11:20
Russia, US discuss Syrian conflict in round-the-clock mode — defense ministerRussian Politics & Diplomacy May 24, 11:01
Russia ready to help countries affected by terrorism in their probe — security chiefRussian Politics & Diplomacy May 24, 10:39
Defense chief names strategically important regions for RussiaRussian Politics & Diplomacy May 24, 10:29
Russian defense contractor develops domestic air traffic control systemMilitary & Defense May 24, 9:45
New radar system enters combat duty in Russia’s Far EastMilitary & Defense May 24, 9:24
DAVOS, January 21. /TASS/. President of Russia’s second-biggest lender VTB Andrey Kostin expects anti-Russia sanctions to last for another 2 years, he said at a business breakfast with investors organized by VTB Capital in Davos on Thursday.
"As far as sanctions are concerned I think we should wait for another 2 years," he said.
According to Kostin, geopolitical tensions between the Russian Federation and other countries will ease. "We’ll see improvements for a number of reasons as we’re pursuing a consistent policy regarding efforts to resume dialogue with the west. We see that Europe needs relations with Russia. Besides, probably the administration of [US President] Obama is keen to obtain some results before it leaves," the official said.
Speaking about the current situation in the Russian economy Kostin said he does not consider it to be a crunch. "Crisis means you need a glass of vodka instead of a cup of coffee in 7 am in the morning. I’m still pretty happy with my coffee in the morning that’s why I haven’t reached this stage," he said.