New dividend policy for state-owned companies in Russia

The dividend threshold for Russian state-owned companies will be increased. 
                                                                                                                                                                  
The Russian government has approved amendments to the dividend policy for state-owned companies. As a result, the dividend threshold for such companies has been increased from 25% to 50%.

According to the proposal of the Russian Ministry of Finance, starting from 2015 onwards state-owned companies and their subsidiaries are obliged to distribute as dividend payments 50% of their net profit result.

Contact:
Yuliya Shibukova
Relationship Manager
GSS Russia
Yuliya.Shibukova@unicredit.ru