Sberbank Buys $1 Billion in Russian Oil Loans From Western Banks

Updated on
  • International banks sold loans to reduce exposure to Russia
  • Sberbank deputy CEO says loan deal will earn a good margin

Sberbank OJSC bought almost $1 billion in syndicated loans made to Russian oil producers at a discount from international banks, which are reducing their exposure to Russia amid sanctions and an economic slump.

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