Putin approves approach of 50% dividend payment by state-owned companies

28 April 2017, Friday

Russian President Vladimir Putin approved an approach for state-owned companies to basically pay dividends at the rate of 50% of profit in general terms, First Deputy Prime Minister Igor Shuvalov told reporters on Thursday.

"The President approved the approach presented by the government for state-owned companies to basically pay dividends of 50% of profit," Shuvalov said.

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