Putin advised Gref to carefully "monitor possible losses"

It is noted that during the conference, Gref invited Semyon Budyonny, an employee of the Institute of Artificial Intelligence, to speak.

“Semyon Budyonny is not Semyon Mikhailovich,” RIA Novosti quotes Putin as saying.

Gref answered in the negative and stated that the speaker was a relative of the commander.

To which Budyonny denied Gref's words and stated that they were not relatives.

“They deceived me, they said that I was a relative,” said the head of Sberbank.

Putin stressed that it is “not good” to deceive the head of a credit institution.

“Keep a close eye on possible losses,” the Russian leader summed up.

Earlier, Gref said that Sberbank's net profit under RAS since the beginning of the year exceeded 50 billion rubles.