Russian government says no dividend for Sberbank on 2021 results

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The logo is on display in an office of Sberbank in Saint Petersburg

(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)