The Russian oil and gas giant, which is the country's largest public company, tanked in trading on Thursday after it declined to pay out dividends for the first time since 1998.
The boards are in Germany.
In a nod to worsening economic conditions in Russia as it is cut off from the rest of the world, the shareholders voted not to pay dividends.
The board had recommended a dividend of 52.53 rubles per share.
The Moscow stock exchange briefly halted trading of the stock because of the fall in prices.
The company is still the largest by market cap in Russia.
The Forbes list of the 2,000 largest public companies in the world was released last month. A partial ban on the export of Russian energy products to the European Union and other countries has put a damper on the company's outlook. Sberbank said in May that it wouldn't pay dividends.
The ruble appreciated against the dollar on Thursday, reaching its highest level in three years. The ruble fell to an all-time low of 150 against the dollar.
The Forbes Global 2000 is Russia's biggest public company.
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