Russia tries to jump-start privatization again by finally launching a sale of a $5B stake (7.6%)...

|By:, SA News Editor

Russia tries to jump-start privatization again by finally launching a sale of a $5B stake (7.6%) in Sberbank (SBRBF.PK) after more than a year of delays. Who to thank? The Fed, whose new easing gave Russia a window in which to sell Sberbank into strength. CEO German Gref says it's the "best imaginable day of the past 15 months" to hit the market, and hopes for interest from China, Singapore and Hong Kong as well as others.