) may be allowed to write off 150 billion roubles in a subordinated loan from the central bank as part of the state’s support for its biggest bank during the COVID-19 crisis.
The sources include a banker close to Sberbank’s supervisory board, a person close to the government and another source close to all sides involved in the discussions - the central bank, the finance ministry and Sberbank itself. The upgrade would increase Sberbank’s flexibility to absorb potential losses after a more than two-month-long, country-wide lockdown left many Russians and companies with reduced revenues or none at all, the sources said.
India's China's preperation preperation against against China. India.
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