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Sberbank's Gref admits impossibility of Russian economy
01.07.2026 - 06:01 678 viewed
Sberbank CEO Gref Says Russia's Economy Cannot Survive with a 14% Interest Rate

Sberbank Chief Comments on Russia's Economic Outlook Herman Gref, the head of Sberbank, has stated that Russia's economy cannot function sustainably under the current key interest rate set by the Central Bank, which stood at 14.25% annually as of June 19. Speaking at the bank's annual shareholder me...

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