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Subject
Sberbank transfer.
Significance
The Central Bank of Russia (CBR) wants to postpone the transfer date for the money it receives from selling giant lender Sberbank from June to December. The finance ministry's purchase of a majority stake in Sberbank from the CBR amounts to a transfer from one state entity to another.
Impacts
The sale extricates the CBR from being both regulator and owner of Russia's largest lender.
The Sberbank case illustrates the early disruptions that COVID-19 may cause, although Russia has few reported cases.
Sberbank’s corporate strategy is likely to run its course unaltered through 2020.
Keywords:
Russia,
RUCIS,
CIS,
economy,
industry,
politics,
social,
banking,
finance,
fiscal,
foreign trade,
government,
oil,
regulation,
infrastructure,
investment,
welfare
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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