UPDATE 1-Russia to use rainy-day fund to buy cbank’s stake in Sberbank
Russia will tap its rainy day
fund, the National Wealth Fund (NWF), to buy the central bank’s
stake in Sberbank, ending years-long discussions about
potential conflicts of interest arising from the central bank
controlling the country’s top lender.
fund, the National Wealth Fund (NWF), to buy the central bank’s
stake in Sberbank, ending years-long discussions about
potential conflicts of interest arising from the central bank
controlling the country’s top lender.
Posted by Reuters
