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Kostin: Russia's savings are nine times greater than its debt


Moscow, SANA- Andrei Kostin, director of the Russian (VTB) Bank, affirmed that his country’s economy has developed in stable and stable conditions.


Andrei Kostin, director of the Russian VTB Bank, confirmed that his country's economy has developed in stable and stable conditions in recent years, which has allowed the existence of capital savings that deny indications of any bankruptcy.

In an exclusive interview with Kostin with Sky News, he said: "The Russian government can repay its debts smoothly, and the savings stock exceeds bonds by 9 times, which has reduced the budget deficit this year to 2 percent."

On the other hand, Kostin denied that the bank financed any operation in Ukraine, accusing the West of using sanctions against it for purely geopolitical purposes because it is among the distinguished Russian banks on the international scene and has an investment base that may be the strongest among others.

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Source: sena

All business articles on 2022-06-22

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