Support The Moscow Times!

New Sberbank Board Forms

Morgan Stanley's Russia chairman Rair Simonyan was nominated to join the board of Sberbank after President Dmitry Medvedev ordered government officials to step down as directors at state-controlled companies.

Economic Development Minister Elvira Nabiullina and Medvedev's economic adviser Arkady Dvorkovich withdrew from the list of candidates, Sberbank said Tuesday in an e-mailed statement. Kazakhstan's Economic Development and Trade Minister Kairat Kelimbetov also declined a nomination.

Mikhail Matovnikov, head of corporate development at Interfax, and Alessandro Profumo, former chief executive of UniCredit and a Sberbank adviser on international expansion, may also join the board.

Read more

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

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.