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Russia's Sberbank CEO says current moment not very favorable for privatization

June 18, 2015, 21:29 UTC+3 ST. PETERSBURG
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ST. PETERSBURG, June 18. /TASS/. The current moment is not very favorable for privatization of Sberbank, its CEO German Gref said in an interview aired by the Rossiya-24 TV news channel at St. Petersburg International Economic Forum on Thursday.

When answering the question whether Sberbank is considering the possibility of further privatization Gref said: "I think currently it’s not a very good period of time, especially when we are under sanctions and our capitalization is extremely low. It’s probably not the best time to sell any shares on the market."

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