The Finance Ministry submitted a draft on the indefinite threshold of dividends of state companies to 50%

MOSCOW, September 26 — RIA Novosti/Prime. The Finance Ministry submitted to the government a draft Executive order on the indefinite state-owned companies pay dividends of at least 50% of net profit, told reporters, Deputy Minister Alexei Moiseev.

“The Ministry of Finance submitted to the government a draft order is under consideration of the government”, — said Moiseev. He added that this project with the Ministry of economic development has not yet been agreed.

“We offer open-ended (dividend payment in the amount of not less than 50% of net profit — ed.)”, — said Moiseev.

According to the decision of the government of the Russian Federation, joint-stock companies with state participation by the end of 2015 to pay as dividends not less than the greater of the two values: 50% of net profit under RAS (excluding income and expense from revaluation of marketable stock of its subsidiaries) or 50% of net profit under IFRS.

The Minister of Finance of the Russian Federation Anton Siluanov earlier suggested that the requirement to pay dividends of at least 50% of the profits should be mandatory for all companies without exception and to act at least until 2019, and preferably permanently.