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Story summary
- Alexander Vedyakhin, Sberbank chief executive, said the ruble must fall to roughly 90 per U.S. dollar to ease exporter pressure.
- Sberbank lifted its 2026 commodity export forecast 27% to $491 billion after Middle East conflict closed Strait of Hormuz and expects Urals oil to average $10-$15 above $59 per barrel estimate.
- Vedyakhin noted the 14.5% key rate and rising rates will limit credit growth, with lending expected to rise 10-12% in 2026.
