Sberbank's tech push shows Russia's growing reliance on its top bank

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Once a Soviet savings behemoth, Russia's dominant lender 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

A logo is on display in the office of Sberbank, Russia's state-owned dominant lender and one of the country's leading technology players, in Moscow, Russia, March 28, 2023. REUTERS/Maxim ShemetovEven with supply issues, Sberbank has accelerated a drive to migrate to in-house technology and is ready to sell software domestically and for export if possible, Belevtsev said.

One key market is China. Moscow is becoming more dependent on Beijing, having sharply raised its use of the yuan, increased energy supplies to China and started selling more"There is already a lot of cooperation on engineers and technology," Belevtsev said. "We would like to see active cooperation on open source solutions ... not just between Russia and China, but in all countries of the world.

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