The Russian government plans to use the country’s National Wealth Fund (NWF) to buy the central bank’s stake in Sberbank, a state banker and a source familiar with the plan told Reuters on Wednesday. On Tuesday, Finance Minister Anton Siluanov said that Russia was discussing whether the central bank should continue to hold a controlling stake in the country’s largest lender Sberbank, confirming an earlier Reuters report. The second source said that under the plan the central bank would transfer any profits it earned from the sale of Sberbank to the state budget. …read more
Source:: Yahoo Finance
