Russia's Sberbank Warns of Economy Overcooling

Russia's Sberbank warns of economy overcooling

The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia's largest lender, Sberbank, said in an interview with Reuters.

Russia’s Economy: Losing Altitude, Not Control

The Russian economy is falling deeper into the red, although the Kremlin may get some unexpected help from the Middle East fighting.

Exclusive-Russia’s Sberbank warns of economy overcooling, says key rate below 15% would spur growth - Regional Media News

By Gleb Bryanski and Elena Fabrichnaya ST PETERSBURG (Reuters) -The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia’s largest lender, Sberbank, said in an interview with Reuters. “There is a danger of the economy overcooling and that we may not be able to come out of this slump, and further growth could be very restrained,…

Russia’s Economy: Losing Altitude, Not Control - EUROPE SAYS

Russia’s budget recorded another deficit in May, with the total annual deficit rising by 200bn rubles ($2.55bn) to reach 3.4 trillion rubles (or 1.5% of GDP),