Sberbank CEO: acute phase of the crisis has passed – BBC Russian

• 21 May 2015

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The head of Sberbank of Russia Herman Gref said that the acute phase of the crisis in the Russian economy passed.

“Today we did a what’s safe to say we can not, but the acute phase, in my opinion, has passed, “- Gref said at the forum” Strengthening the partnership between Europe and Asia for global growth “in Astana.

According to Gref, have Russia has a huge potential for growth, and the main task at the moment – economic reform, which, in his opinion, should begin with the reform of power.

The Ministry of Finance on Thursday stated that the fall of the Russian economy estimates for the year to 2,5%.

According to the agency Anton Siluanova peak drop in GDP will be in the third quarter, and by the end of the year the situation will improve.

Economic Development predicts the figure at 2.8%, but the head of department Alexey Ulyukayev admitted earlier this week that the decline may be less.

Last week, Deputy Prime Minister of Russia Igor Shuvalov said that Russia Although the economy is in a difficult situation, the worst-case scenario of the crisis did not materialize.