Kim Jong Un compares Trump’s speech to declaration of war, vows tough responseWorld September 22, 7:20
US move to quit Iran nuclear deal to send wrong signal to North Korea — Russia’s UN envoyWorld September 22, 6:39
Moscow welcomes reform of UN’s anti-terrorism activities — LavrovRussian Politics & Diplomacy September 22, 3:53
NATO seeking to revive cold war-era climate — LavrovRussian Politics & Diplomacy September 22, 3:51
Situation in Syria gives grounds for cautious optimism — LavrovWorld September 22, 1:24
NATO secretary general comments on Russian military drillsWorld September 21, 21:34
NATO secretary general hails idea of deploying UN force in UkraineWorld September 21, 21:29
Russia ready to discuss alternative resolutions on UN mission to DonbassRussian Politics & Diplomacy September 21, 20:18
UN approves probe into Islamic State crimes in IraqWorld September 21, 20:10
DAVOS, January 22. /TASS/. The average annual oil price in 2016 will be at least $30 per barrel, Sberbank CEO Herman Gref told journalists Friday on the sidelines on the World Economic Forum in Davos.
"We believe that the average annual oil price will be at least $30 per barrel," Gref said.
Gref noted that he did not expect a long-term preservation of high volatility in the oil market.
"I think that the daily volatility in the oil market of 5-6% cannot last long. The market will remain volatile but not the same as now," he said.
Gref noted that the balance of supply and demand on the oil market and the policy of the Federal Reserve System will lead to stabilization of oil prices.
"So far no one predicts a big rebound, but it is around $30-40 at the end of the year with a decline in volatility in the course of the Q1-Q2," Gref said.
According to Sberbank CEO, the privatization of Russia’s largest savings bank Sbenbank in 2016 is not reasonable.
"This year, I think it is not very realistic, because if we talk about Sberbank, it requires a change to the law and preparation for privatization. And of course, you need to look for the right time for this," German Gref said.
Gref also said that no one has officially put privatization of the bank on the agenda yet.