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

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)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

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

By Reuters

Reuters

Reuters

Gold has a path to $4,000 as U.S. credibility crumbles - WisdomTree’s Nitesh Shah

Why gold revaluation charts put prices at $25,000-$55,000 if history rhymes, silver poised for breakout: Crescat Capital Strategist

Whether 145% or 10%, tariff uncertainty is enough to stop U.S. gold and silver imports, distort the metals market at all levels – Experts

Gold price plummets as U.S.-China trade relations thawing

Gold price down a bit amid better risk appetite