Central bankers from around the world have been in Davos, Switzerland this week, attending the World Economic Forum.
Bank of Russia first deputy governor Alexei Ulyukayev publicly confirmed at the Forum that the Russian central bank is prepared to sell shares in Sberbank, the largest lender in Russia, if the market price of the stock were to lift to around 100 rubles ($3.31) a share. The central bank has previously suspended plans to sell the shares due to unfavourable market conditions.
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