Sberbank looks to FX growth as ruble accelerates

Steven Weller at Sberbank CIB
Steven Weller, Sberbank CIB

Among the many challenges that face the foreign exchange market today, Russia is one of the few bright spots. Along with the Mexican peso and Chinese renminbi, it was one of the few currencies to have gained significant ground in the latest triennial survey of the FX market by the Bank for International Settlements, rising from 16th most actively traded currency in 2010 to 12th in 2013.

As the Central Bank of Russia looks to allow the currency to float freely in the coming years, and FX

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