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Saturday, October 22, 2016

Gref has linked the ruble with the situation in Ukraine

The head of Sberbank German Gref believes that the ruble may strengthen if geopolitical tensions subside. About the need to improve relations with other countries have previously said the ex-Minister of Finance Alexey Kudrin.

photo: Alexander Astafyev

Herman Gref

Herman Gref has linked the exchange rate of the national currency with geopolitics. “The ruble inherent geopolitical tensions. If it is to resolve the situation with Ukraine, then I think we will see a strengthening of the ruble,” – said the head of Sberbank, in an interview with TV channel “Russia 24”.

In addition, according to Gref, on oil prices and, as a consequence, the exchange rate is significantly affected by the situation in China, “where there are significant changes in the structure of the economy, in politics.”

Informed of the need to reduce geopolitical tensions, Russian President Vladimir Putin tried to convince the head of the Center for strategic development Alexey Kudrin. According to him, the only way to attract investment and advanced Western technology.

The head of state said in response that Russia is not the first to start the confrontation. Putin also noted that the country with thousands of years of history are not going to trade sovereignty even despite the fact that something behind.

Read the material: Will Putin Kudrin tip: do not strain

In an interview to “Russia 24” Gref stated that he does not consider the backlog of Russia in the public and corporate sectors is critical. “Yes, we honestly say, the best are lagging behind our Western competitors. But I would not say that this lag is disastrous, it is quite acceptable, and we have all chances to catch up with them”, – said the banker.

However, as noted by the head of Sberbank, at the world management models in companies and in state structures are changing rapidly. And if the gap between Russia and the rest of the world will continue to grow, it will become dangerous. “This trend is really dangerous, if we don’t start to implement it quickly — and in companies and in public administration”, — said Gref.

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