Kyiv. Clifford Chance has advised Sberbank Rossii (Russian Federation) on its acquisition of a Resort Complex Mriya located near Yalta in Crimea. The terms of the transaction have not been disclosed.

Sberbank Rossii is the largest credit institution in Russia and the CIS, accounting for 27% of the aggregate Russian banking assets. 'Clifford Chance continues to regularly represent world's leading companies and financial institutions in their investments in Ukraine', said senior associate Dmytro Fedoruk who led the team advising Sberbank. The team for the project also included CC Moscow partner Victoria Bortkevicha, who was responsible for the overall implementation of the project, and CC Kyiv associates Andriy Moskalyk and Nataliya Klyuk. 'Clifford Chance lawyers demonstrated a highly professional and client-oriented approach which ensured that we were able to complete the acquisition of the Resort Complex Mriya within the planned timeframe', commented Valeria Pavlyukova, Project Office Director at Sberbank's legal department.