National Welfare Fund to Pay for Sberbank Purchase from Russia’s Central Bank
Posted on 02/14/2020
The Central Bank of Russia signed a deal to sell PJSC Sberbank to the Russian Ministry of Finance. The sale proceeds will help the Russian central bank recover losses from the 2017 bailouts, while the rest will go into the government’s coffers. The massive deal is viewed as a special operations versus a normal deal. […]
