Russia’s biggest bank sounds warning about economy

Sep 5th 2025 12:45pm EDT

Sber CEO Herman Gref has called for deeper interest rate cuts to spur recovery and avert a recession The Russian economy is losing steam and needs lower borrowing costs to restore growth, Herman Gref, CEO of the country’s biggest lender Sber, has warned. Since the escalation of the Ukraine conflict in 2022, Russia has operated […]

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