Articles - The Moscow Times

Support The Moscow Times!

Contribute today

Sberbank Announces $400M E-Commerce Investment

Russia’s state-owned lender continues its push into the technology and consumer spheres.

DESPITE CORONAVIRUS

Russia’s Sberbank Posts $10Bln Profit in 2020

Profits down on 2019, but state-owned lender weathers coronavirus storm better than first expected.

2021 LOOK AHEAD

Russia in 2021: A Corporate Reckoning?

The pandemic exposed deep divides in Russia’s corporate world. How will the recovery play out?

THE SBER ECONOMY

Sberbank’s Big Plan to Become Russia’s Consumer Goliath Takes Shape

The state-owned lender will launch an online retail giant in 2021, as it aims to be the main player in almost every sphere of Russian life.

CLASH OF THE TITANS

Yandex vs. Sberbank: Battle of the Russian Tech and Finance Giants Begins

Two of the country’s highest-profile companies have unveiled plans to dominate a host of cutting-edge industries.

DON’T CALL US A BANK

Russia’s Sberbank Unveils Sweeping Transformation Into Tech Company

State-owned bank outlines host of Apple and Amazon-style services and drops “bank” from corporate branding.

CORONAVIRUS RECESSION

Coronavirus Pandemic Rebalances Russia’s Corporate Landscape

Earnings season shows tech companies setting record-high share prices, and closing the gap on Russia’s energy giants.

Yandex and Sberbank Finalize Divorce

One of the most high-profile Russian corporate partnerships is winding up.

CORONAVIRUS RECESSION

Profit Slumps Herald More Trouble Ahead for Russia’s Corporate Giants

Russian companies’ first quarter financial results are already showing the impact of the coronavirus. The worst is yet to come.

Russian Government Completes $28B Sberbank Swap

The Central Bank has sold its controlling stake in the country’s largest lender to the Finance Ministry.

Russian Share Prices Collapse, Ruble and Oil Tumble

‘Black Monday’ sees state-backed Sberbank, VTB, Rosneft and Gazprom all suffer multi-billion dollar hits to their share price.

BUY FROM LOCALS

Russia to Tap 'Rainy Day Fund' to Buy Central Bank's Stake in Sberbank

Russia will tap its National Wealth Fund to buy the central bank’s stake in Sberbank.

November Report: Russia’s Tech, Investment and Start-up Deals

EWDN’s monthly report on Russia’s tech and investment scene covers Sberbank’s sprawling ecosystem, Badoo’s megadeal and private fund shake-ups...

GOLDEN TAKEOVER

Sberbank Seeks Control Over High-Risk Debtors

New “Golden Share” scheme will offer riskier business loans in exchange for a say over company policy.

PLAYING CATCH-UP

Russia's Sberbank Enters the Driverless Cars Game

State bank to challenge Russian tech giant Yandex with new self-driving cars venture.

HEAVYWEIGHT TIE-UP

Sberbank Finalizes Mail.Ru Partnership

The pair seal a new tie-up which could see Sberbank take a 20% slice of Mail.Ru.

HEAVYWEIGHT CLASH

Gazprom vs. Sberbank: The Battle to be Russia’s Most Valuable Company

Gazprom has pulled out a $10 billion lead over Russia’s largest bank.

Russia’s Sberbank to Buy Stake in Mail.Ru

Deal worth $170m will further partnership between Russia’s largest bank and one of its top tech firms.

Finance Heads Call for Stronger Cybercrime Punishments

The two most important organizations in the Russian banking sector have called for tougher criminal responsibility for perpetrators of cybercrime.

Sberbank Hit by Huge Data Breach

Millions of customers’ data found on black market in Russian banking’s largest ever cybersecurity leak.

View more articles