Support The Moscow Times!

Sberbank Helpful in Belarus

MINSK — Sberbank is willing to assist Belarus' government in debt refinancing this year if it moves some borrowing into Russian rubles, the chairman of the bank's Belarussian unit said.

"If the government will be willing to refinance part of its debt this year in Russian rubles and issue eurobonds, we are ready to serve as an underwriter or investor," Vasily Matyushevsky, chairman of BPS-Sberbank, told reporters Friday after the unit's annual meeting.

Matyushevsky declined to say whether the Sberbank group has held negotiations with the Belarussian government on the matter. The Sberbank group may invest $2 billion to $3 billion into the Belarussian economy this year depending on the economic situation, Matyushevsky said, reiterating earlier comments.


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.