MOSCOW, Dec 17 (Reuters) - Russia's largest lender Sberbank SBER.MM has registered a buying and sel
MOSCOW, Dec 17 (Reuters) – Russia’s largest lender Sberbank SBER.MM has registered a buying and selling unit within the Swiss canton of Zug, the corporate mentioned on Tuesday, which will probably be concerned in worldwide commodity financing and buying and selling.
Sber Buying and selling Swiss AG (STS) plans to open the workplace and to start buying and selling within the first half of 2020.
“The creation of STS within the European jurisdiction will assist us to enter new markets, and improve the dimensions and diversification of our commodity operations,” mentioned the deputy chairman of Sberbank’s board, Anatoly Popov.
(Reporting by Tatiana Voronova; Writing by Alexander Marrow Modifying by Katya Golubkova)
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