Gref: US sanctions to have little impact on Russian economy

 Gref: US sanctions to have little impact on Russian economy

US sanctions imposed against Russia will not have a significant impact on the Russian economy, CEO of Russia’s Sberbank German Gref said.

"I think that this sanctions will not have a significant impact. More likely, it is not from the sphere of economics, but from the sphere of politics. Sanctions are adopted quickly in the United States, but their cancelling is rather difficult. I think it will be substantial work," Sputnik cited Gref as saying.

On Thursday, the US Treasury added a number of Gazprom energy company entities and subsidiaries of Gazprombank, as well as of Bank of Moscow and several other financial companies, to the US sectoral sanctions imposed on Russia over the Ukrainian issue.

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