The government approved the decision to redeem the shares owned by the Bank of Russia

the Government decided to redeem the shares owned by the Bank of Russia, said Prime Minister Mikhail Mishustin at the meeting with the head of Sberbank German Gref. The government on 13 February to consider the draft law.

“For us, yesterday was a very important day. It was officially announced initiation of sales of our shares — 50% plus one share from the Bank of Russia to the government”, — said Gref. The news is well received by the investment community. “We saw yesterday the growth of our shares, almost 1% increase in common share more than 2% increase in preferred shares,” — said Gref added that investors understand the motives of the sale, and they support such transfer of shares.

the Agreed plan of action, which in the short term “interactions with the government and the Central Bank must ensure the actual transfer of shares under the control of the government and the formation of new governments before the annual meeting of shareholders,” said Gref.

“it is Very important that we pass the national welfare Fund. Investors saw the long-term interests of the national welfare Fund,” — said Gref.

the Dividend yield, the savings Bank is such that NWF will have much more income than any other type of investment, said the head of Sberbank.

In turn Mishustin has reminded that the e-services and development of Sberbank used to build the digital platform of the state.