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Sberbank to finance commodity trading

Posted on 23 August 2013

Two major traders on Thursday welcomed Sberbank as a new player in financing commodity supplies after the lender announced its plans to get on the list of Europe’s largest banks funding Russian exports. The state-controlled lender said it would provide the new service through its Swiss-based subsidiary, with talks being already underway with a number of potential clients.
“These are primarily traders affiliated with Russian exporters or working with commodity suppliers from Russia and [other former Soviet countries],” Sberbank said in e-mailed comments without providing the names………………………………………..Full Article: Source


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