Ukrnafta paid the Ukrainian government $74 million of dividends

Moscow. December 30. Ukrnafta, the largest oil company in Ukraine in which the state owns 50%+1 share, were transferred to the government a dividend of 1.77 billion hryvnia ($74,4 million at current exchange rates), said Prime Minister Arseniy Yatsenyuk at the meeting of the Cabinet of Ministers in Kyiv on Wednesday.

He recalled that the government this year managed to change the management of the company and of the restoration of state control.

Ukrnafta has announced the discontinuation of all of its obligations under the dividends for 2011-2014 for a total amount of 2 billion 411,93 million. to cover debts to “Naftogaz” received in 2008 the gas, however, still paid him 632,3 million. dividends for the year of 2014.

The Ministry of economic development and trade of Ukraine at the beginning of November accrued “Ukrnafta” 90,45 million. penalties for late payment of dividends, and in late November the court declared invalid the payment of dividends by Ukrnafta for 2011-2013 by an oncoming competition with the “Naftogaz of Ukraine”.

This Yatsenyuk warned recently appointed by results of competition the Chairman of the Board “Ukrnafta” Mark Rollins of its obligation to pay the state 1.77 billion UAH. dividends. The Premier noted that the failure to do so will result in a dismissal, non-payment and penalties.

Naftogaz owns 50%+1 share “Ukrnafta” group of companies related to shareholders Privat, – about 42% of the shares.

The official exchange rate on December 30 – 23,790721 UAH/$1.