The government opposed the reduction of dividend payments by state companies


Moscow. On 5 November. The government continues to oppose the lowering the bar of dividend payments by state companies.

“We believe that stable dividend policy is that the investment climate and the ratings of our success in the investment market hold up more than anything else,” said the head of Rosimushchestvo Olga Dergunova reporters on Thursday.

Previously, the government said it was willing to negotiate with state-owned oil and gas sector the adjustment of the dividend policy due to the fact that next year the industry will additionally pay about 300 billion rubles to the budget in the framework of the withdrawal of the so-called “devaluation profits”.

The rejection of the reduction of export duty will cost the oil companies about 200 billion roubles, “Gazprom” the increase in the severance tax will cost about 100 billion rubles. At the Sochi forum the representatives of oil companies said that these measures will force them to reduce investment, and hence production.

The Minister of economic development Alexei Ulyukayev said earlier that the concessions in part of dividend policy is indeed not excluded. “In principle it (the topic) is being discussed, because what they (companies) are still the source? There are estimates that they have some 600 billion roubles, the devaluation brought. On the one hand, the devaluation brought in, on the other hand – blew. Different companies in different ways depend on imports, they have different debt load, this is a very difficult thing,” he said.