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 Ministry of Finance of Russia is funding the deal by the National […]