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Russia's Sberbank continues working with Turkish partners at DenizBank — CEO

German Gref did not rule out that Sberbank could have joint projects with Iranian credit institutions in future

© Maxim Shemetov/TASS Archive

SOCHI, February 25 /TASS/. Russia's Sberbank continues working with Turkish partners from DenizBank, in which Sberbank holds a 99.85% stake, Sberbank’s CEO German Gref told journalists on Thursday.

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"We actively operate in the Turkish market. We are developing very constructive relations with the Turkish regulation and the Turkish government. Therefore, our stock exchange business has not been hurt. And we certainly try to lobby the interests of Turkish companies, which are our clients," Gref said adding that the Russia-imposed sanctions on Turkey had not affected the banking sector.

He did not rule out that Sberbank could have joint projects with Iranian credit institutions in future.

Relations between Russia and Turkey soured after an F-16 fighter jet from the Turkish Air Force shot down on November 24 a Russian Su-24M bomber, which was on anti-terrorism mission over Syria. Ankara claims the Su-24M bomber violated the Turkish air space in the area of the border with Syria, while Moscow maintains that the Su-24M plane stayed exclusively over the Syrian territory.

On November 28, the Russian president signed a decree to ensure Russia’s national security and protect Russian citizens from criminal and other illegal actions and on the use of special economic measures regarding Turkey.

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