(The Moscow Times)
Russia’s state-owned lender continues its push into the technology and consumer spheres.
Russia’s largest state-controlled bank and most valuable company — announced a $400 million investment Thursday in the online retail space as it seeks to become one of the country’s leading e-commerce players.
The lender — which rebranded to “Sber” last year — has signed a “memorandum of intent” to up its stake in the Goods.Ru marketplace and invest billions of rubles in developing the online retailer.
