MOSCOW, March 29 - The sale of Sberbank's subsidiary in Ukraine may be closed between late April and late May, a source at Sberbank of Russia (MOEX: SBER) told reporters.

"Considering that realistically we will not receive regulatory clearance any sooner than one month after submitting the documents, we think that the deal will be closed in the period between the end of April and the end of May. Those are our optimistic plans," the source said.