Lavrov says Russia-Belarus relations developing in working modeRussian Politics & Diplomacy February 21, 21:48
Condolence book in memory of Churkin opened at Russia’s Permanent Mission to UNWorld February 21, 20:53
Ukrainian billionaire Dmitry Firtash detained in Vienna at Spain’s requestWorld February 21, 20:40
UN secretary-general offers Lavrov condolences on Churkin’s deathWorld February 21, 19:53
OPEC does not see problems regarding growth of Russian oil exportBusiness & Economy February 21, 19:46
Kremlin to bake 100,000 pancakes for MaslenitsaSociety & Culture February 21, 19:23
Production of Mercedes Benz cars to start in Russia in 2019Business & Economy February 21, 18:43
UN Security Council holds a minute of silence in memory of Russia’s deceased envoyWorld February 21, 18:30
Russia and US might launch joint operations against terrorists in Raqqa — ministerWorld February 21, 18:17
MOSCOW, December 28. /TASS/. Sberbank CEO German Gref believes that in the coming year the Russian economy is unlikely to face the "black swans," referring to a theory describing a highly improbable event that is unpredictable, has a massive impact and is often inappropriately rationalized after the fact with the benefit of hindsight.
"I expect no black swans in the coming year. Even if prices for raw materials do decline, it won’t be significant, they are already low. Aluminum prices have nowhere to fall. Coal may become cheaper, but its price grew this year, so there is some room for maneuver. Oil now trades at $52-53, and even if the price falls to $45, there will be no shock," the head of Russia’s largest bank said.
He added that the Russian budget, as well as banks and businesses, are prepared to operate under oil prices below $45.
"There is hope that the geopolitical situation will stabilize. So, after two very difficult years we enter 2017 - the year of 100th anniversary of the October revolution - with relatively positive expectations," the official said.