Dvorkovich said there are no decisions on the dividends of “Rosneftegaz”

Russian Deputy Prime Minister Arkady Dvorkovich

Russian Deputy Prime Minister Arkady Dvorkovich said “RIA Novosti” that the final decision on dividend payment the shareholder “Rosneft” and “Gazprom” “Rosneftegaz” has not been made yet. According to him, the General principle of payment of dividends for state companies to 50% of the profits, but there may be individual solutions.

“Yet the final decision is not accepted. As a General principle, 50%. Of course, individual solutions can be, but what they will be — there is no final” — said Dvorkovich.

He noted that some companies asked to allow to send on dividends for 2015 is less than 50% of the profits. According to Dvorkovich, state-owned companies explain their requests “investment programs and orders”.

“[First Deputy Prime Minister Igor] Shuvalov, probably, will conduct the meeting. I know there are individual needs of different companies,” — said Dvorkovich.

Earlier on Saturday, 16 April, Finance Minister Anton Siluanov said that the Ministry of Finance in preparing the draft Federal budget for the years 2017-2019 will offer to extend the rules on the state-owned companies 50% of profit on dividends. Siluanov emphasized that exceptions to this rule for any of the companies should not be.

Earlier this week, “Interfax” citing a source reported that Rosneftegaz, which owns shares of “Rosneft”, “Gazprom” and “inter RAO” will pay to the Federal budget no more than 25% of the profits. This information was confirmed by two employees of the Ministry of economic development. In a press-service “Rosneft” (the company’s Board of Directors is headed by the President of the oil company Igor Sechin) on the RBK not answered then.

The norm about payment state-owned companies by at least 25% of the profit fixed by the government from 2012. The Ministry of economic development and the Ministry of Finance has prepared amendments to increase the minimum payout to 50%. Although not yet approved by Prime Minister Dmitry Medvedev, the norm about 50% the government is planning to apply this year, said two Federal officials. For example, the boards of Directors of “Gazprom” and “inter RAO” recommended to shareholders to direct for dividends 43 and 50% of the profits respectively.