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Russia’s budget revenues from dividends of largest state-controlled bank Sberbank (Sber) in 2025 are planned at RUB375bn ($4bn), RBC business portal reports citing the explanatory note to the draft federal budget and its annexes show. The state, represented by the National Welfare Fund, owns 50% plus one share in Sberbank. Thus, the total amount of dividends that can be paid by the bank in 2025 could amount to RUB750bn, or 50% of the IFRS net profit of RUB1.5 trillion according to the bank’s dividend policy. To remind, Sber, under full blocking sanctions, did not pay the RUB623bn dividend for …

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