The head of Sberbank, German Gref, said that Russia is facing a very serious transformation, but it also opens up huge opportunities.
“It seems to me that in terms of risk-reward ratio in the coming decades, Russia will be one of the most attractive markets in the world,” Gref said at the Russian forum within the framework of Expo 2020.
Gref believes that sound financial, macroeconomic policies and investment climate add attractiveness to the country.
“It does not seem to me that the Russian president and government will soon retreat from maintaining very tough macroeconomic stability, which is the basis for any investment.”
The expert noted that Russia opens up tremendous opportunities for investors due to the lack of proper competition in a number of sectors.
So, in the field of interest are the following areas: agriculture, transport logistics, high-tech sector. Also, while there is still a possibility of investments in traditional energy sectors, because they will remain relevant for another 15-20 years, he is sure.
The head of Sberbank recalled that the volume of necessary investments in Russia’s energy transition will amount to about $1 trillion. At the same time, 80% of this amount can be found within the country through the development of forests and the sale of quotas to reduce greenhouse emissions in the domestic and foreign markets.