Russia passes crisis peak ? Gref

NOVOSIBIRSK. April 13. KAZINFORM Russia has passed the peak of the crisis, Sberbank CEO German Gref told the Rossiya channel on Saturday, Kazinform refers to ITAR-TASS.

"There will be no growth so far, but we witness certain stabilization this March-April,? he said. ?If the currency exchange rate does not fluctuate sharply, the Central Bank may cut the refinancing rate,? Gref said. ?If that happens, commercial banks will also cut the rates of loans to enterprises and citizens?, Kazinform cites ITAR-TASS. See www.itar-tass.ru for full version.