The most critical step crisis in the Russian economy is finished, told reporters the head of Sberbank of Russia Herman Gref . “Today we have about anything with certainty can not speak, but the acute phase, in my opinion, has passed,” – he said at the forum “Strengthening the partnership between Europe and Asia for global growth” in Astana.
Gref added that the main challenge now facing the country is to carry out economic reform, which should start with the “reform government”. He also said that Russia has enormous potential for growth.
In response to a question about what the challenges now facing the economy, Gref said: “The main challenge for Russia – an economic reform which should begin with the reform government. Russia has enormous growth potential, and if you say who the greatest potential, since it is in our area. But we need to do what is now voiced by President Nazarbayev (the plan of the nation “100 steps further state building “). If we do that, we can forget about the economic problems in the region”.
Gref also noted that the potential for a possible further reduction of interest rates on loans have. “We will see (lower rates) throughout the period of time until the end of this year. I think that there is potential for further (decline. – IF) the refinancing rate and will be even faster than the refinancing rate, reduced interest rates on loans and deposits “- said Gref.
On the return of foreign investors’ interest to the Russian Gref reported in April this year, RBC. In addition, the head of Sberbank said that he sees a gradual recovery in demand for bank loans on the part of both individuals and legal entities. He added that the situation in the corporate sector is more complex.
In mid-January the head of the Savings Bank warned about the threat of “large-scale” banking crisis. He explained this decline in oil prices and structural problems within the economy. “Even if oil prices rebound, we still need to seriously deal with its internal problems. Structural economic slowdown started earlier, before Ukraine, to the fall in oil prices, – he said. – Apparently, this year we would see very low rates Growth is dependent on these two factors “.
The same opinion is shared by other experts. Not so long ago talked about this and the first vice-premier Igor Shuvalov. “The constant appeals to the crisis is no longer relevant. It is necessary to move on to the agenda of development”, – he said.
Shuvalov also citing unnamed experts predicted that the fall of the economy will be followed by stabilization, which can replaced by growth at the end of this year or early next years. “We can not say that everything is fine, the economy is in a precarious state, but such a crisis situation for which we have worked out all the activities of our anti-crisis plan and saw an increase in funding, the situation now is not”, – assured the Deputy Prime Minister.
As it turned out earlier, the Federal State Statistics Service estimate of GDP decline in the first quarter was better than the preliminary calculations of Economic Development. The decline was 1.9% – 0.03 percentage points better than expected by the Ministry.
In addition to its opinion on the general economic situation in the country, German Gref, and stopped at a local problem. For example, he said that the situation with debts of some companies is difficult, but controlled. “We (with” UTair “and” Transaero “) in the normal constructive dialogue, in contrast to the” Mechel “, – he said. – In the” UTair “the owner takes a very serious part in the negotiations on funding. With” Transaero “the situation is difficult, but controlled,” – said Gref.
As for debt “Mechel”, the transactions on their sale Sberbank yet, he said.
In late April, Russian President Vladimir Putin has refused to name the crisis situation in the Russian economy. “I would not call it a crisis. There are certain phenomena, certain complexity,” – he said.
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