Britain’s home secretary announces her candidacy for PMWorld June 30, 2:52
Russian parliamentarians open to dialogue with Ukraine — lawmakerRussian Politics & Diplomacy June 29, 21:30
Russian diplomat says it is necessary to unfreeze settlement process in TransdnestriaRussian Politics & Diplomacy June 29, 21:23
Italy’s Liguaria passes resolution on revoking of anti-Russian sanctionsWorld June 29, 21:17
Russia-France dialogue developing constructively — LavrovRussian Politics & Diplomacy June 29, 21:10
Russian envoy to OSCE notes activation of efforts to solve Donbass crisisRussian Politics & Diplomacy June 29, 20:50
Lavrov urges de Mistura to invite all Syrians to Geneva talksRussian Politics & Diplomacy June 29, 19:20
FIFA Ethics Committee denies German media report on probe into President InfantinoSport June 29, 18:42
Contact Group agrees disengagement of parties, cargo traffic in DonbassRussian Politics & Diplomacy June 29, 18:36
DAVOS, January 22. /TASS/. The average annual oil price in 2016 will be at least $30 per barrel, Sberbank CEO Herman Gref told journalists Friday on the sidelines on the World Economic Forum in Davos.
"We believe that the average annual oil price will be at least $30 per barrel," Gref said.
Gref noted that he did not expect a long-term preservation of high volatility in the oil market.
"I think that the daily volatility in the oil market of 5-6% cannot last long. The market will remain volatile but not the same as now," he said.
Gref noted that the balance of supply and demand on the oil market and the policy of the Federal Reserve System will lead to stabilization of oil prices.
"So far no one predicts a big rebound, but it is around $30-40 at the end of the year with a decline in volatility in the course of the Q1-Q2," Gref said.
According to Sberbank CEO, the privatization of Russia’s largest savings bank Sbenbank in 2016 is not reasonable.
"This year, I think it is not very realistic, because if we talk about Sberbank, it requires a change to the law and preparation for privatization. And of course, you need to look for the right time for this," German Gref said.
Gref also said that no one has officially put privatization of the bank on the agenda yet.