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Financials

Russian c.bank says it plans sale of Otkritie Bank in spring 2022

MOSCOW, June 5 (Reuters) - Russia’s central bank plans to sell its stake in Otkritie Bank in spring 2022, Governor Elvira Nabiullina said on Friday.

“We were previously looking at a deadline at the end of 2021, but the pandemic and the situation with banks brings adjustments, and a more realistic deadline is spring 2022,” she said. (Reporting by Andrey Ostroukh, Elena Fabrichnaya and Gabrielle Tétrault-Farber; Writing by Alexander Marrow; Editing by Edmund Blair)

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