Militants launch shell on exhibition complex near Damascus - televisionWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
MOSCOW, July 6. /TASS/. Sberbank and its depositors were robbed in 1991 due to "Pavlov" currency reform and the government should compensate these losses, Chief Executive Officer of Sberbank Herman Gref said on Wednesday during the online broadcast in VKontakte social media.
"Sberbank was robbed by absolutely amateurish political of authorities during that period of time. It was robbed together with depositors. Funds were merely taken away from the bank. Both the bank and the depositors suffered. We are on the same side in this sense," Gref said.
The compensation is needed but the government and not the bank should pay it, the banker said. Gref also supported the idea to pay compensation by bank shares.
"I agree with this proposal but the problem is the government and not Sberbank should be the payer. It is even better to compensate by shares to our depositors," the banker said.
In 1991 the USSR implemented the so-called "Pavlov" currency reform named after USSR Prime Minister Valentin Pavlov. Its purpose was to stabilize money circulation in the country.
Exchange of banknotes was accompanied with considerable restrictions. The amount of cash available for withdrawn in the USSR Savings Bank (Sberbank) was limited. Furthermore, deposits with Sberbank were frozen.