Gref sees no prerequisites for ruble's devaluation
MOSCOW. Jan 18 (Interfax) - President and Chairman of top Russian bank Sberbank , German Gref, currently sees no preconditions for the devaluation of the Russian ruble.
"In our forecasts, which we factor into the development of our business plan, we don't believe there to be any serious prerequisites for the currency's devaluation," Gref told journalists on the sidelines of the Gaidar Forum "Russia and the World" on Wednesday.
He added that oil prices are currently holding at a high level. Furthermore, if capital outflow from Russia decreases somewhat in comparison with 2011, this would help strengthen the ruble's rate. "We don't see very substantial currency fluctuations as a possibility," Gref said.
Commenting on the equilibrium of the Russian budget, Gref said that the situation is still within acceptable parameters.
