The Russian government does not support banks that are ready to allocate credits to the real sector of the domestic economy, Sberbank's Chief Executive Officer Andrey Kazmin announced at a conference today. The conference was conducted by the Association of Russian Banks and called "Liberalization of the Banking Business and Banking Legislation: Problems and Outlooks." Kazmin stated there were a lot of flaws in tax legislation in regard to crediting, and the government did not find it necessary to resolve these problems as a priority. Among other problems that the banking community had been facing for a long time, Kazmin named crediting small businesses and individuals.
Russian President Vladimir Putin and German Chancellor Angela Merkel had had a few fights and used strong language because of the Ukrainian crisis in 2014