The head of Sberbank called the situation paradoxical, but not dramatic.
The head of Sberbank German Gref said that the Russian economy can only return to last year's figures in 10 years if no action is taken.
< p>Speaking at a Sberbank business breakfast, which discussed the construction of economic countries in the future, he said that anti-Russian sanctions affect many sectors of the economy, including finance and industry, the fuel and technology sectors.
As RBC writes in reference to its remarks, countries that imposed sanctions receive 56% of exports and 51% of imports from the Russian Federation, which poses a threat to 15% of Russian GDP, but, nevertheless, the restrictive measures of the West have proven to be softer than world experts think.
Even now, Gref notes, we can talk about the strengthening of the national currency, its impact on inflation.
< p>"The reduction in rates and the resumption of lending in the economy is the most important factor to make it stable"," the expert explained.
We can even talk about the strengthening of the ruble, which has manifested itself as a result of many factors in recent months. Among them are a trade surplus, a drop in demand for foreign currency and a drop in the flow of imports to Russia. It turns out, the analyst notes, that the “motto”; nobody needs “in Russia”.
Thus, Gref describes the situation of the Russian economy as “paradoxical”, but in general, but not “dramatic”.
According to RIA & #8220;News”, within the framework of the SPIEF, the decline in the country's GDP amid the sanctions was mentioned. Against this backdrop, the Central Bank's forecast looks the tightest, predicting an 8-10% decline in growth in April.
Now the adjustment looks more optimistic, and in July , the Bank of Russia is likely to present other indicators.
The relevant department, the Ministry of Economic Development, estimates that the gross product will decrease by 7.8% by the end of the year. end of 2021.
Earlier, Topnews wrote that German Gref himself was blacklisted as part of the upcoming EU sanctions package.