MOSCOW—German Gref, the head of Russia’s biggest bank Sberbank, said a proposed law that could result in people being jailed for helping enforce U.S. sanctions would backfire on the Russian economy if implemented.
The draft legislation has exposed divisions within Russia’s ruling elite over how to react to Washington’s latest round of sanctions. Pro-Kremlin hawks want a tough response, while economic liberals, also allied to the Kremlin, say that could hurt the fragile economy.
