Ukraine fallout? We have plan B, and C – Sberbank VP
Friday, May 23, 2014 - 05:02
May 23 - Sberbank is planning for all eventualities in Ukraine, and has plans for impacts ranging from neutral to very bad, says Senior Vice President Alexander Bazarov at the St Petersburg Forum.
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Russia tries to reinvest the C and they sent his -- economic forum on meet the growing crisis and sold soon western sanctions. Join me now is our lives on the -- are accused the senior vice president Russia's biggest lenders Burbank is in charge of its corporate and investment banking business. Alexander are -- concerns. About school that he impacts that the economic slowdown the sanctions -- -- crisis may have a new abuse. Yes. Of course we as any positive things were in the house of businessmen. Just in Washington but everywhere in the world is concerned both. The future of your business. We were concerned about the trends. Before the Korean crisis is as you know Russian women were slowing down through three years. GDP gross was four point 3% in 2000 level. 3.4 percent in 2012. And one point 3% in 2000 seat and now we can look at recession. -- quite likely. So the trend was negative influences. Development. Of crisis and of course. Ukraine in the -- doesn't mean things about that this -- but how how Morris can make things. How much we have very different smears from. Very very bad. -- event and to neutral. I won't force levels of politics and which is probably impossible to. You know you never know what his -- -- -- leaning between neutral and negative some. But for example we do not consider changing business plan. And as you know who's proven his folks -- from Washington. Version Bruins -- -- it is very difficult movement to rule help us. Of course when it's easy for us to be deliberate loss was more the bulletin and do. Reliability and safety news -- -- it for your number one. But as businesses. The ball expectations we'll just today of course business that we're working very hard not to mention that we are referred to every good. And more than that it is. -- How long do you think this crisis or this kind of negative trend mosques. That's a very good question. And lost. Whole life. In fact. If you look at ourselves and we were until he -- the age -- ten to five Saturday and then we do you rate for the rest -- -- so it didn't. Plus fifteen years hopefully. But in this particular case. My belief hasn't lost as long it would take to sort political situation just opens it. External factors and intangibles or. Very closely. Related to the infected charger and it will be much more difficult for us to move forward. You won't be so bold and terminals listen here's what rules or vote for him. Will we just soul. My kind of news targeted western sanctions targets and specific banks signaled the whole of the banking sector however doesn't make. You'll clients jittery and nervous. Well. We work. Human beings and we whenever we do something that we didn't dissipates. Of course welcome news. Are you preparing any plan B for instance to the sanctions. If it's based on target and kill the whole sex no it was definitely a plan B and plan C in -- -- -- for you know you we are. Within that business plan -- that the budget forced him. Local in the plans but we undertake certain actions and of course we have to diversified. Industrial base you know. The news. Very active. -- new plus through the investors and outside the western. Of course and that's natural because if you can do things here than you move somewhere else. Whether it's brutal world. And yet to be seen what. You know the TTX and anticipate the need for a wave of sanctions. We are preferred for us and -- preferred to. Think again. I can exceed that. Sanctions Jean that before you do infected through to listen to have Russian position Russian businessmen. They wouldn't say it doesn't. Some of -- client's right to. We'll go out there and it fuels because malicious. Too little you know the debt capital markets were effectively shut down for this year for a wanted to. But on the other hand. You know life is --
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