Sberbank CEO says sanctions against Russia may not be lifted in 2017

'We all hope, but I think this will take some time'

The lifting of western sanctions against Russia will take some time, and it is unlikely sanctions will be lifted this year, Chief Executive Officer of Russia’s biggest lender Sberbank Herman Gref said at the World Economic Forum in Davos on Jan. 19.

"We all hope, but I think this will take some time. I wish (it happened - TASS) in 2017, but I’m afraid it may take time," he said.

According to Gref, it is necessary for Russia to plan for the future regarding its relations with the United States.

"It’s always necessary to look ahead. Sometimes you cannot build a constructive future relying on historical ties. As for Russia’s relations with the US, we have to look ahead and go through challenges, otherwise building a future will be a rather difficult task," he said. 

Source: Tass

Read more: 5 quirky facts about Russians at the Davos Forum

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