In a number of recent interviews with Russian journalists, billionaire investor, entrepreneur, and co-owner of RosEvroBank, Sergey Grishin shared his valued opinions of the current economic picture during the pandemic, and also discussed the various rumors about him during his 2018 divorce.
On economic changes during the pandemic, Grishin believes traditional sectors and high-tech sectors will be in much better shape because they have learned to survive in increasingly turbulent situations.
On healthcare improvements arising from the pandemic: production of medical equipment such as ventilators and personal protective equipment dramatically increased.
On the global economy, Grishin’s opinion is that the situation is on the verge of stabilizing and will rapidly return to pre-pandemic levels. Although currently he believes the world stock markets are not always in step with stabilization, and we could be on the verge of a new financial bubble. He would like to see more indicators return to pre-crisis levels.
On Russian currency, Grishen is of the opinion the Russian government will work to contain the value of the ruble, and not allow devaluation which could lead to increased inflation. Like the American government, that has poured trillions in US dollars to support their economy, the Russian government has and will continue to support and assist their population and business interests.
On the rumors of scandal in the media during his 2018 divorce, Grishin acknowledges stress led him to be “reckless” but noted that the stories and various media publications were used against him by people trying to hurt him and discredit him. He believes he has been slandered in the media, and his case is still ongoing.
On the Russian economy, Grishin says foreign investment has always been interested in Russia, and that attractiveness only will grow. Many western investors have interest in Russian projects, and after the current difficult year, there will be more opportunities for foreign investment.
On the future, Grishin believes the changes brought on by the pandemic and the urgency to develop health and societal solutions is spurring a number of innovations and there are particular advances and opportunities in the areas of automation and robotics. The closeness of social interaction in the modern world and the need for technology for proper distancing will give rise to new safety technologies. Because of this, he believes these are the areas of growth that the Russian economy should invest in the future.
On his own investment future, Grishin has already begun a project for the construction of several shopping and business centers. He prefers to invest in high-tech projects, including an accounting software platform and an online wealth management service. He added that he would be willing to participate in financing any project in Russia, provided it was interesting and profitable.
