“I can confidently say that this transaction will have a minimal effect on exchange rates,” Siluanov said.

According to him, the Central Bank, as a regulator, has taken all necessary measures for this.

Earlier, the State Duma Committee on the financial market approved a project on the purchase by the Cabinet of shares of Sberbank from the Central Bank.

The Accounting Chamber announced plans to analyze the transfer of shares to the government.

On February 13, the Russian Cabinet of Ministers approved the corresponding bill.

The proceeds from the sale of a stake in Sberbank will be directed to the budget to finance social initiatives set forth in the president’s message to the Federal Assembly.

The cost of his purchase will be about 2.5 trillion rubles.