Home Economy Gref considers export poison for the Russian economy

Gref considers export poison for the Russian economy


The main remedy against the strengthening of the ruble is imports, while the poison for the Russian economy is exports, said the head of Sberbank German Gref. According to him, it is impossible even to rethink the new situation in a short time, and it is even more difficult to rebuild logistics, physical infrastructure, payment chains. Import … is becoming the main cure for the disease in the form of a strengthening of the ruble and, in fact, the destruction of national production – everything has turned upside down,” Mr. Gref said on the sidelines of the SPIEF (quote from RIA Novosti). He noted that the only currency which is in surplus against the ruble is the yuan. All other currencies, according to the head of Sberbank, are scarce. “We can get the Turkish lira, rupee, and so on, which will not be of any value to us, because we will not be able to sell it – this is not a freely convertible currency,” German Gref said. In April, imports to Russia … .

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