Gref has estimated the losses of Russian banks due to the volatility of the markets

© RIA Novosti / Vitaly to Belowaverage in Photobacterium, Chairman of the Board of Sberbank German Gref. Archival photoGref has estimated the losses of Russian banks due to the volatility of the markets© RIA Novosti / Vitaly to Belowaverage the image Bank

Caused by new US sanctions the volatility of the markets and the ruble in the past week and a half will affect the financial results of Sberbank, in General, losses in the banking sector of Russia will amount to 80-100 billion rubles, said the head of the largest Russian Bank Herman Gref.

«With regard to volatility (market — ed.) because of the sanctions, of course, they will affect the financial result, capital adequacy. It is clear that the dollar has the effect on equity and on the financial result and the second value of the bonds», — said Gref to journalists.

«The banking sector over the past one and a half weeks of volatility, we assess the impact of 80-100 billion rubles. This figure will be split into two parts: the first part, at least 50%, maybe even more, will pass through the capital, the second part — through profit,» — said the head of Sberbank.

In early April, the U.S. imposed new sanctions against Russia. In the sanctions list included a number of major Russian businessmen and companies controlled by them, in particular, Oleg Deripaska and controlled by En+ Group, «GAZ Group», the Basic element and RUSAL, Viktor Vekselberg and his Renova group and Suleiman Kerimov, Kirill Shamalov, the head of «Gazprom» Alexey Miller, the head of VTB Andrey Kostin.

The decision of the us authorities has caused volatility in the markets and a sharp depreciation of the ruble. So, the dollar April 11 rose above 65 rubles, Euro — 80 rubles.

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