German Gref

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Russia's Sberbank to respond to Panama Papers

State-owned lender Sberbank has never conducted any questionable transactions, head of Russia's largest lender German Gref stated on Tuesday in response to the Panama Papers. “While I cannot comment on …

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Gref says current ruble exchange rate is too low

Russia's Sberbank CEO German Gref said that the current ruble exchange rate of 70 rubles per dollar is too low. "If the currency was more or less about 60 per dollar, it would be more convenient for companies, …

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Gref forecasts oil prices for this year

President, Chairman of the Board of Sberbank, German Gref, believes that in the first half of this year, oil prices will be in the range from 25 to 30-35 dollars per barrel, and then a certain growth will begin. He …

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World Economic Forum opens in Davos

The World Economic Forum, which annually brings together leading representatives of political and business elites, will open in the Swiss ski resort of Davos today. According to organizers, its main theme is the beginning of the fourth industrial revolution, however, the participants will also discuss a number of pressing political and economic issues, including the unprecedented drop in oil prices, the lifting of sanctions against Iran and the terrorist threat.

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Gref: Oil age is coming to an end

The head of Sberbank, German Gref, speaking at the Gaidar Forum, noted that the oil age is over, because there have been radical changes in consumption. "The era of hydrocarbons is in the past. Just like the Stone Age ended …

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 Gref expects trend of weakening ruble to continue

"Oil prices are very tightly bound to the Federal Reserve policy. All key trends are related to further reduction. The dollar is most likely to strengthen. The Federal Reserve will tighten its policy," Russia's Sberbank CEO …

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Gref: economy to deteriorate without reforms

Sberbank CEO German Gref said that the Russian economy will be in a recession in 2016. "The economy will be in a recession in 2016. If there is no new turn in terms of the reforms, the economy will …

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Is Russia going through a banking crisis?

There is a banking crisis in Russia. The Commissioner for Protection of the Rights of Entrepreneurs under the President of Russia, Boris Titov, stated this today at a round table organized by the Russian National Committee of the …

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Is Russia disappointed in oil?

Russian business is going the way of diversification, because it is tired of waiting for the return of easy profit from the oil industry, Russian Economy Minister Alexei Ulyukayev said after yesterday's meeting …

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Volatility of ruble to last for a long time

Over the next few years, the Russian national currency will demonstrate a high level of volatility. This statement was made by the head of Sberbank German Gref on the sidelines of the East Economic …

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