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The Russian government has instructed the finance ministry not to pay a dividend on 2021 results for common and preferred shares of Sberbank, the country's largest lender, according to a government order published on Friday.
Source: www.reuters.com
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(Reuters) - The Russian government has instructed the finance ministry not to pay a dividend on 2021 results for common and preferred shares of Sberbank, the country’s largest lender, according to a government order published on Friday.
It said the measures are aimed at providing stable lending to corporate clients and financial organisations.
Reporting by Reuters; Editing by Mark Porter