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Russian budget to receive about $5.4 bln dividends in 2017 — ministry

October 11, 2016, 21:44 UTC+3 MOSCOW
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MOSCOW, October 11. /TASS/. Russian Finance Ministry expects to receive dividends from state-owned companies amounting to 339 bln rubles ($5.4 bln) in 2017, 296 bln rubles ($4.7 bln) in 2018, and 263 bln rubles ($4.2 bln) in 2019, Deputy Finance Minister Sergey Oreshkin said on Tuesday in the presentation at the Ministry’s Public Council meeting.

According to the decree of the Russian Government issued on April 18 of this year, the amount of dividends from companies, whose shares are in federal property, cannot be lower than the smallest of 50% of net profit under Russian standard or 50% of net profit under international standards as of 2015 year-end. This proviso currently applies only to 2015 dividends paid by state-owned companies this year.

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