Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Moscow will get $ 940 million for Sberbank privatization
27.09.2012 08:36
Moscow will get $ 940 million for Sberbank privatization

Moscow budget will receive about $ 940 million due to Sberbank’s SPO, reports Interfax.


September 19, the Central Bank of Russia sold 7,58 % share of the largest Russian bank, Sberbank, for $5,2 billion. After the placement the Central Bank still owns 50 % plus one share of Sberbank.


As SPO is not among the main activities of the Central Bank, it has to pay an income tax on means, got via SPO. The major part of the tax should be transferred to the budget of the city where the Bank is registered, that is Moscow. The income tax in Moscow amounts 20%, 18 % out of it is transferred to the regional budget (i.e. Moscow) and 2% to the federal budget. According to Taxadvisor, the city may get the money by 28 October this year.   

Author: Irina Fomina

Tags: Russian business Russian banks Sberbank   

Next Previous

You might also find interesting:

Russian Company Raises $ 15 Million from a Group of Investors
The Online Grocery Delivery Market Grew by 50% in Russia
Rostech will Support Technology Startups
All Stores in Russia may be Obliged to Accept Bank Cards
Kaliningrad Region is the First in Terms of Involvement of the Population in Small Business

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian regions  May 9  Russian tourism  Safari Park of Gelendzhik  Events in Moscow  Russian laws  Russian business  Recipes of Russian Dishes  Moscow Region  Exhibitions in Moscow  Rashid Nurgaliev  Kinoshock  Vostochny Spaceport  Russian football  Shakira  Russian Poetry  Wedding weekend tour  Photography  Russia courts  Murmansk Region  Moscow  The Universiade Museum   Siberia  Travel Application  Russian Cinema  Mercedes-Benz Fashion Week Russia  Global Competitiveness Report  Russian academy of sciences  Pavel Chistyakov's Memorial Estate  Alykel Airport  Fashion Futurum  travel to Russia  Republic of Bashkortostan  Alexander Pushkin  Church  Russian theatres  St. Petersburg  migration in Russia  Islam in Russia  Perm Territory  Yuri Gagarin  Yuri Bashmet  Ufa  corruption in Russia  Folk Arts  Festivals in Moscow  Dissidents  Rostov Region  Dark Matter  suicide 

Travel Blogs
Top Traveling Sites