Support The Moscow Times!

Sberbank Sale Strategy

The government may sell as much as 4 percent of Sberbank, the country’s largest lender, to domestic investors, a person with direct knowledge of the bank’s plans said Tuesday.

The government plans to sell 9 percent of the bank in its privatization program, the person said. A portion of the shares will be sold abroad as depositary receipts, and a stake will be sold to a strategic investor. 

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.