Issues of dividend payments will be considered separately for each state company - Siluanov

MOSCOW. March 14 (Interfax) - Issues of dividend policy will be considered separately for each company with state participation, Finance Minister Anton Siluanov said.

On June 11, 2021 Mikhail Mishustin signed a decree with new approaches to the dividend policy of companies with state participation, according to which state companies must direct at least 50% of the adjusted net profit to IFRS for dividends.

"We will consider these positions for each of the companies in detail. We may have to help individual banks with state participation in such a way that profit remaining with a particular financial institution is not distributed as dividends to the state. But this, again, will be considered in detail for each such organization," the minister said, responding to the question of whether there are plans to revise the established rule of 50%.

At the same time, he said that this extended not only to financial institutions, but also to companies with state participation in other sectors.