Gref predicted the further fall of the ruble

Sberbank President German Gref is waiting for a further weakening of the ruble exchange rate in 2016, which will occur as oil quotes decrease. He stated this in an interview with Russia-24 television channel.

“Our entire economy depends on the key parameter - oil prices ... Today is the price of $ 35–36 per barrel. So, we can say that it will hesitate in the coming months in the plus minus 10% in both directions, ”Gref said.

The head of Sberbank explained that no one knows in advance the exact cost of oil in the near future, but the key market trends are now associated with a decrease. “From the point of view of the monetary situation, the price of oil should fall, this is an absolute correlation, and the ruble will decrease,” he said.

However, at the same time, the head of Sberbank expressed confidence that in general for the Russian economy, 2016 will be easier than 2015.