Sberbank CEO names main threats for Russian economy this year

 Sberbank CEO names main threats for Russian economy this year

Sberbank CEO Herman Gref told about threats facing the Russian economy this year.

"There is a threat of sanctions, as usual. Such uncertainty impacts our investment climate and the ruble. This year is a year of a week economic dynamics, less than 2%, according to our forecasts," he listed.

"But things have got moving from the point of view of the launch of national projects, including the one on the digital economy. So, this will be a year of boost," he said in an interview with the Deistvuyushchiye Litsa (Political Actors) with Nailya Asker-zade program on the Rossiya-1 television channel.

According to Gref, the funds allocated on national projects will not be used this year as the projects have not yet been committed to paper, so he would not expect big results this year. 

But he noted that the next year may demonstrate another economic dynamics thanks to the implementation of national projects.

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