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Sberbank of Russia (SBER.ME)

MCX - MCX Real-time price. Currency in RUB
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139.91-1.24 (-0.88%)
As of 04:47PM MSK. Market open.
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  • Reuters

    Croatia's Fortenova posts its first annual net profit of $73 million

    Croatia's Fortenova Grupa reported a net profit of 523 million kuna ($73 million) for 2021, its first since being saved from bankruptcy in 2018, the food producer and retailer said late on Tuesday. Fortenova, whose top shareholder is Russia's Sberbank, reported a 65% jump in consolidated revenue to 31.4 billion kuna. Earnings before interest, taxation, depreciation or amortisation (EBITDA) rose 52% to 1.955 million kuna after it sold its frozen food business and regained control over Mercator, Slovenia's biggest food retail chain.

  • Reuters

    Russian economy may need a decade to return to pre-sanctions levels, Sberbank says

    Western nations imposed economic sanctions on Russia, the most severe a nation in a modern history has faced, after Moscow sent troops to Ukraine on Feb. 24 calling it "special military operation". Russian assets took an immediate hit and consumer prices have soared, prompting authorities to introduce capital controls, hike the key rate and curb foreign investors' ability to sell their assets in Russia. German Gref, whose bank is seen as a proxy for the Russian economy by holding the majority of the household deposits and corporate loans, estimated on Friday that countries that hit Russia with sanctions accounted for 56% of its exports and 51% of imports.

  • Bloomberg

    India Proposes Settling Russia Trade in Rupees as Purchases Rise

    (Bloomberg) -- India is proposing to settle trade with Russia in rupees, according to a person with knowledge of the matter, as the South Asian nation presses ahead with purchases of oil and weapons from the sanctions-hit country.Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsStocks Jump as Powell Soothes Wall Street’s Nerves: Markets WrapFed Hikes 75 Basis Points; Powell Says 75 or 50 Likely in JulyWorld’s Central Banks Got It Wrong, and Economies Pay th