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Russian entrepreneurs due to the sanctions we return to the investments in national banks

In connection with the new United States sanctions on Russian businessmen are forced to transfer their assets in national banks. It is reported Bloomberg.

“The unpredictability of the White house and Congress makes the Russians transfer money in the state banks and supercharge offshore superstructure”, — says the publication.

Sberbank of Russia has recently published data showing that the volume of corporate deposits from January to August rose by $98 billion. the data Also suggests that the private sector has produced more financial assets home than sent abroad, which was only the third time after entering the anti-Russian sanctions in 2014.

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Moreover, sanctions led to the fact that Russian entrepreneurs are trying to find instead of the dollar other currency for payments to foreign partners. They are still reserves of dollars and euros, but businessmen are trying to save up rubles for future payments.

According to Bloomberg, the administration of the President of the United States Donald trump is helping the Russian leader Vladimir Putin to reach the goal that eluded him for 20 years, namely the repatriation of assets.

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Earlier the Minister of economic development of Russia Maxim Oreshkin in an interview with RT advised people “not to react emotionally” to changes in the financial market and trust the Central Bank, providing long-term price stability.

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