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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.

fintech service

Russian Digital Major Yandex to Launch Investment Portal With VTB Bank

A previous project between Yandex and state-owned Sberbank fell apart.

Mail.ru Group Acquires Carsharing Firm YouDrive as Sberbank Mulls 2GIS Purchase

Mail.ru Group and Sberbank announced their intention to form a joint venture last month.

No-Deal Planning

Sberbank Dodges Brexit Risks by Opening Cypriot London Branch

The plan will allow Sberbank to offer services across the EU in the event of a 'no-deal' Brexit.

combining forces

Sberbank and Mail.ru Group to Form New Joint Venture

The food and transport markets are Russia's largest digital consumer sectors.

Russia's Sberbank Buys Rabota.ru Recruitment Site

The bank is at the forefront of the digital transformation of the Russian economy.

Russia's Top Banker Warns Moscow's Counter-Sanctions Could Backfire

Gref warned that criminalizing compliance with U.S. sanctions could force international firms to pull out of Russia.

Russian Analyst Fired After Report Critical of Gazprom Contracts

Oligarchs Gennady Timchenko and Arkady Rotenberg were named as the main beneficiaries of the contracts.

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