Sberbank, Goldman Sachs Hold Talks

Goldman Sachs may work with the country's biggest lender, Sberbank, on international acquisitions and other projects, Sberbank said.

Jon Winkelried, co-president of Goldman Sachs, met with Sberbank chief executive German Gref in Moscow on Wednesday, and the two companies "have agreed to begin carrying out concrete projects in the near future," Sberbank said in a statement posted on its web site Thursday.

Winkelried and Gref discussed "cooperation in the area of global acquisitions, organizing financing from international capital markets," structured products and operational work, according to the statement.

Foreign banks are keen to do business in Russia, undeterred by "the turbulence on global financial markets," Mikhail Sukhov, head of the licensing department at the Central Bank, said Thursday.

Joanna Carss, a spokeswoman for Goldman Sachs in London, said she could not comment immediately on the issue.