The ruble will probably depreciate more than 6 percent against the dollar this year as Russian policy makers seek to spur the stuttering economy, the currency’s top forecaster said.
OAO Sberbank, Russia’s largest bank, is considering following rival VTB Group by borrowing in Asia to explore new sources of funding.
Belarus will become the first country outside Russia to sell bonds denominated in rubles as the government seeks to attract investors from its biggest trading partner and borrow at cheaper rates than in U.S. dollars.
OAO Sberbank, Russia’s largest lender, raised its estimate for net income this year to as much as 120 billion rubles, finance chief Alexander Morozov said.
"The consumer-goods producers stopped benefiting from the retail-sales growth."
- Alexander Morozov on Dec 29, 2014