The head of Russia’s biggest bank, Herman Gref, has hailed U.S. President-elect Donald Trump as the leader of “change,” suggesting he has hopes of a change in the sanctions on Russian state officials and enterprises.
State lender Sberbank has been on the sanctions list since 2014, after Moscow annexed Crimea from Ukraine and began supporting separatist forces in the country’s east. The sanctions restrict Sberbank’s access to international capital, prompting the bank to mount an as-yet-inconclusive legal challenge at the European General Court.
Gref, Sberbank’s CEO, welcomed Trump’s imminent inauguration, telling daily business newspaper Vedomosti, “I always welcome changes. …read more
Source: Newsweek
