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    "headline": "Sberbank acquires two New Delhi business towers for Russia-India trade hub",
    "dek": "Sberbank bought two under-construction Summit Towers in New Delhi to create a Russia-India trade and cooperation hub, with completion expected by 2028.",
    "prose": "Sberbank announced at the Eastern Economic Forum in Vladivostok that it has bought two business towers in New Delhi to create a Russia-India trade and cooperation hub. [^1]\n\nGuerman Gref, CEO of state-owned Sberbank, stated on September 3, 2026, that the Russian economy is currently 'freezing' and described the situation as near 'hypothermia' rather than a gradual slowdown. [^2]\n\nIndia and Russia have set a target of $100 billion in annual trade by 2030, with bilateral trade at $59.9 billion in India's 2025-26 financial year. [^3]\n\nSberbank announced in June 2026 plans to open a Russian Business Center in New Delhi, offering Russian companies banking services and legal, tax, and audit support. [^4]\n\nThe Summit Towers, which Sberbank bought, are under construction and expected to be completed by 2028. [^5]\n\nGuerman Gref called for urgent policy support and stimulus to boost growth and investment, stating that companies need immediate assistance. [^6]\n\nGuerman Gref stated that a turning point for the Russian economy will not occur until market interest rates normalize and fall within the 10% to 12% range. [^7]\n\nSberbank CEO Guerman Gref reported that Russia's GDP growth for the first half of the year was 0.6%, which he noted is considerably lower than the Central Bank's estimated potential growth of 1.5% to 2.5%. [^8]",
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