SBERBANK
India-Russia trade grew by 20 per cent this year: Russian State Duma Chairman
India imported $44.9 billion of Russian goods during the period, including $36 billion in crude oil. Indian exports to Russia totaled $2.8 billion, with Moscow increasing purchases of chemicals, electrical goods, medical equipment, seafood, tea, and spices.
Ukraine’s drone strikes hit Yandex, Sberbank and VKontakte. Is Russia’s AI future at risk?
Ukrainian drone strikes have damaged data centers belonging to Yandex, Sberbank and VKontakte, disrupting digital services across Russia. While many services have resumed, damage to key AI supercomputers and difficulties replacing high-end chips could make recovery more challenging for Russia’s AI ambitions.
Zelenskyy says Russia keeps striking Ukraine's energy sites despite Trump ceasefire push
Ukrainian President Volodymyr Zelenskyy expressed outrage over Russia's attacks on energy infrastructure in Ukraine. Russian forces targeted key power plants in Kyiv and other regions, leaving many without power. Zelenskyy's government has raised concerns about dwindling U.S. military support amidst ongoing conflict dynamics. The situation highlights ongoing tensions as Ukraine pushes back against Russian advances in the east. Efforts for a truce remain unverified, with international responses continuing to evolve.
Indian robotics, Agri and medtech startup showcase capacities at Moscow Startup Summit
The two-day event concluded Wednesday at SberCity, backed by Russia’s biggest bank Sberbank. The event was organised by the government of Moscow and Sberbank.
As assured, Russia to further boost fertiliser supplies to India: Andrey Guryev at BRICS
Russia has significantly increased fertilizer shipments to India this year. President Putin assured Prime Minister Modi of continued vital agricultural supplies. Russian producers supplied 6.5 million tonnes of fertilizers to India last year. India now imports one in every three tonnes of fertilizer from Russia. BRICS nations receive half of all Russian mineral fertilizer exports.
Russia’s Sberbank plans major India push, to build business hub
Sberbank CEO Herman Gref announced plans for new financial and technology infrastructure tools. The bank will establish the largest Russian business hub in India, expanding its presence. Sberbank has been developing its financial business in India for sixteen years. Money transfers between India and Russia now take only minutes, improving business opportunities. Two office buildings are under construction and will be commissioned in 2028.
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India, Russia explore digital currency payments for trade in cross-border breakthrough
India and Russia are exploring digital currency payments for bilateral trade, potentially opening a faster route for cross-border settlements as BRICS seeks alternatives to traditional payment systems. Sberbank CEO Herman Gref said the initiative could support trade expansion, while Russian companies’ rupee holdings and the widening trade imbalance remain key challenges.
Russia’s SberBank unveils GigaDoc AI smart mirror for express health assessment in India
SberMedAI's GigaDoc smart mirror provided free express health assessments at Innoprom India. This innovative solution analyzes key health indicators and potential risk factors conveniently. Companies can integrate GigaDoc into their employee prevention programs for proactive health monitoring. The technology utilizes artificial intelligence and computer vision for accurate health readings.
Russia–India payment infrastructure fully ready for settlements in national currencies: Sberbank India CEO
Sberbank India's CEO Ivan Nosov has announced that the infrastructure for national currency settlements is now operational. Several key challenges related to financial collaboration have been successfully addressed over the years. This enables swift transactions between Russia and India, opening opportunities for Indian goods, which hold substantial export potential in the Russian market due to rising demand.
Moscow companies showcase high-tech solutions at INNOPROM.India trade fair in New Delhi
Moscow is showcasing its high-tech industrial products at the INNOPROM.India trade fair. Leading companies from Russia's capital are presenting advanced medical equipment and robotics. This event aims to strengthen technological partnerships and expand cooperation between Moscow and India. Several Moscow-based firms will display innovative solutions in transport and display technologies. The fair represents a significant step in deepening bilateral industrial collaboration.
Sberbank showcases AI, digital technologies and India-focused solutions at Innoprom
Sberbank presents its Digital Mine concept at INNOPROM.India in New Delhi. The exposition highlights banking infrastructure and advanced technological solutions for both nations. Guests can explore fast cross-border settlements and rupee transaction tools. Sberbank also features an optical computing unit and an autonomous AI agent. These innovations aim to strengthen Russia-India business and technological cooperation.
Russian Sberbank works towards expansion in India
The expansion comes as India and Russia seek to widen economic ties. The two countries have set a target of $100 billion in annual trade by 2030 and smoother payment mechanisms is now a priority.
'Russia and India's 96% bilateral trade now through Rupee-Rouble payment infra'
Russia and India have established a functioning payments infrastructure using roubles and rupees. This system now accounts for ninety-six percent of their bilateral trade transactions. Bilateral trade between the two nations reached seventy billion dollars in 2024. The payment mechanism is considered one of Russia's most reliable with other countries. Most transactions are processed within ten minutes, with many completed in under a minute.
Roubles and rupees: Russia says no more hurdles in payments with India
Russia and India have built a functioning payments infrastructure using roubles and rupees. This system now accounts for ninety-six percent of their bilateral trade transactions. Bilateral trade reached seventy billion dollars in 2024, tripling since 2022. Russian businesses previously faced challenges with rupee overhang and trade imbalances. Both nations' banks are actively servicing this growing economic partnership.
US removes former Sberbank executive Alexandra Buriko from sanctions list
The United States has lifted sanctions on Alexandra Buriko, former CFO of Russia's Sberbank. Buriko, alongside other executives, had stepped down from the Western-sanctioned bank following Russia's 2022 Ukraine invasion. This move, announced by the Treasury Department, marks a significant shift in the US's approach to individuals previously targeted.
Russia's Sberbank allowed to import gold into India
India has authorized Russia's Sberbank to import gold into the country. This inclusion is effective from June 25, 2025, until March 31, 2026. Sberbank joins Indian Overseas Bank and Union Bank of India on the list of gold importers for Fiscal Year 2026.
Gurmeet Chadha hails Russian Sberbank’s MF route into Indian equities, calls it a model for global expansion
Sberbank’s launch of a Nifty 50-linked mutual fund gives Russian investors direct access to Indian equities. Experts say the move can expand global capital inflows, enable similar partnerships with BRICS and other regions, and deepen India-Russia financial cooperation.
Russia's Sberbank seeks to boost imports, labour migration from India after Putin's visit
Russia's Sberbank is boosting trade with India, focusing on imports and skilled workers. The bank is facilitating deals with over 6,000 Indian firms new to Russian trade. Payments are being made in national currencies, bypassing sanctions. Russia seeks to increase bilateral trade to $100 billion. India's IT, pharma, and machine-building sectors are highlighted.
Sberbank publishes guide for Indian entrepreneurs planning to localise biz in Russia
Sberbank aims to facilitate the India-Russia trade relationship, targeting USD 100 billion in bilateral trade by 2030. To achieve this, Sberbank is providing resources for businesses looking to expand into each other's markets. While current trade stands at USD 63 billion, dominated by energy, there's a push for diversification, especially after trade reached USD 68.7 billion in 2024-25.
After DeepSeek leap forward, Russia's Sberbank plans joint AI research with China
"Sberbank has many scientists. Through them, we plan to conduct joint research projects with researchers from China," Sberbank first deputy CEO Alexander Vedyakhin said.
Russia's Sberbank says India business booming despite Western sanctions
Russia's trade with India is thriving, with Sberbank handling up to 70% of Russian exports to the country. Trade between the two nations nearly doubled to $65 billion in 2023. Despite Western sanctions affecting other markets, Sberbank has faced no operational issues in India. The bank is actively using Indian payment systems and sees no rupee surplus problems, thanks to increased Indian exports to Russia.
Rupee-rouble settlement volume up seven times from 2022: Sberbank
India’s oil purchases from Russia jumped after the war as New Delhi purchased discounted crude. The share of Russian oil in India’s total imports rose to 35% in 2023-24 from 23% in the previous year, according to energy cargo tracker Vortexa.
Russia’s Sberbank to set up IT unit in Bengaluru, to hire 200 specialists
While Sber's India branch has been active in New Delhi since 2010 and offers a wide range of financial services, the Bangalore office will be fully focused on developing information technologies.
Sberbank’s tech push shows Russia’s growing reliance on its top bank
Once a Soviet savings behemoth, Sberbank’s image has gradually been transformed under CEO German Gref, who has overseen investments into artificial intelligence, cloud services, big data and smart devices.
RBI orders Sberbank to demonstrate compliance, rejects request
“The explanation provided by the bank in the matter was examined and the same was not found satisfactory,” the RBI wrote in a letter to the bank on September 13.
RBI sees regulation violation by Sberbank, Russia’s largest lender
Russia’s largest bank allegedly paid a bonus to its Indian CEO Ivan Nosov for performance year 2021 without the RBI’s approval, people familiar with the matter told ET. The foreign lender had also reportedly done so in 2019 and 2020. Banking rules in India require a lender to seek the RBI's approval on bonus payments to key executives.
Russia's Sberbank executes first digital asset issue on its platform
Sberbank, which received its licence in March, said in a statement that digital assets are issued on its platform using blockchain technology and smart contracts.
EU to remove Sberbank, two other Russian banks from SWIFT
"We de-SWIFT Sberbank - by far Russia's largest bank, and two other major banks. By that, we hit banks that are systemically critical to the Russian financial system and Putin's ability to wage destruction," Commission head Ursula von der Leyen told European Parliament.
Russia's Sberbank to leave European market in face of cash outflows
The bank, which is set to unveil 2021 financial results later in the day, said it was no longer able to supply liquidity to European subsidiaries, but its capital level and asset quality were sufficient to make payments to all depositors.
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