Deputy PM: Govt to decide on dividends of state companies soon

BISHKEK, Apr 14 (PRIME) -- The decision on the size of dividends of Russian state-owned companies will be made soon, First Deputy Prime Minister Igor Shuvalov told reporters on Friday.

“The final decision is being discussed now. It is being discussed, but it will be made soon,” he said.

In 2016, the government temporarily increased the amount of dividends paid by state-owned companies from 25% to 50% of a bigger net profit under the Russian Accounting Standards or the International Financial Reporting Standards, and may prolong the initiative.

Shuvalov earlier said that it is necessary to keep the level of dividends at 25% at least for some companies.

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