Sberbank explained the risks of new sanctions of the West will of God

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Photo: Oleg Karsaev / “Kommersant”

The head of Sberbank German Gref believes that in the near future to expect from US and European sanctions is not worth it. During the meeting with wealthy clients of the Bank German Gref said that he was aware that the Western establishment is currently discussing sanctions against two small banks and new personal limitations. Words a top-the Manager “Interfax”.

“In the beginning of next year the United States will take sanctions, which they promised. What is being discussed today is two Russian banks, most likely. While not discussed none of the major banks. Well, there will probably be some number of individuals. But what will we achieve by March or April, when they promise to consider this matter, knows only one Lord God,” — said the head of Sberbank.

Gref is convinced that aggressive restrictions will continue. The only question is how much. “Until it is clear that they will wear some kind of post-critical in nature, as discussed in the beginning of the process, when we said that the possibility of disconnection of Russia from SWIFT and so on. And while this kind of rigidity sanctions are not visible,” — said Gref.

The head of the savings Bank also assured its customers that the Bank has a “plan B” in case of tough new sanctions against Russia. “We need to live in peace, and what happens, happens. But those who risk to fall under these sanctions, they of course have a “plan B” to develop. We have a “plan B” is”, — said Gref, noted that patients would be disconnected from SWIFT, however, such sanctions 2018 will not be as painful as in 2014.

The toughest option of new sanctions was discussed back in August 2018, when the bill restrictions were introduced in the U.S. Congress. The document included sanctions against Russian government debt, the restrictions against Russian banks, including Sberbank, as well as the possible disconnection from the SWIFT system. The restrictions were so severe that they could hurt the United States itself, as many investment funds hold a significant portion of Russian assets.

Video, photo All from Russia.

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