German Gref, head of Sberbank of Russia, said that the economic crisis in the country can develop according to three scenarios. However, even in the worst scenario the Bank will be able to overcome the crisis without outside help.
Amid the outbreak of the coronavirus worldwide Gref has developed three scenarios for the economic crisis in Russia. Only one of them is very hard, informs a resource “Russian Dialogue“.
The head of Sberbank has no doubt that even in the worst scenario the Bank will be able to overcome the crisis without outside help. In this case, none of the three scenarios Gref does not see a hopeless situation. He urged Russian citizens not to panic ahead of time and not to dramatize the situation.
The worst case scenario is when the dollar will ask for $ 100, and the oil falls to prices 20 dollars per barrel. Today it is the most extreme version of the crisis.
Today, March 18, the exchange, Brent crude fell to a price of 27.6 per barrel. Russia’s budget assumes a price of $ 42 to function normally and 57 dollars per barrel to more and grow the economy.