off-the-wire

No discussion yet on possible Sberbank, Raiffeisen asset swap - Russian official

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, March 23 (Reuters) - Russia's government commission on foreign asset sales has not yet discussed a possible asset swap between major lender Sberbank and Austria's Raiffeisen Bank International , a finance ministry official said on Thursday.


The Financial Times reported last week that Raiffeisen is seeking to exchange $400 million worth of profits with some of Sberbank's funds frozen in Europe.


"Documents have not yet been reviewed," Ivan Chebeskov, head of the finance ministry's financial policy department, told Reuters on the sidelines of a Moscow financial forum.
(Reporting by Elena Fabrichnaya; Writing by Alexander Marrow; Editing by Mark Trevelyan)

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