The State Duma adopted in the second reading the project on the purchase of shares of Sberbank from the Central Bank

The initiative provides for the Central Bank to exit from the capital of Sberbank. A package of 50% plus one share will be acquired at the expense of the National Wealth Fund at market value.

As noted, the project aims to "eliminate the potential conflict of interest of the Bank of Russia while combining the roles of shareholder, regulator and supervisor."

The deputies also adopted a document establishing the procedure for transferring part of the proceeds of the transaction to the federal budget.

Earlier, the Bank of Russia proposed to extend until December 1 the term for the transfer of funds from the sale of shares.