Russia - 01

Russia: Dividend Squeeze: State-Owned Companies Defund the Government

At a press briefing during his visit to China on 15 May, Putin addressed the issue of dividend payments by state-owned firms. Last year, the government set these dividends at the rate of at least 50% of the firms’ net incomes. They can be calculated in accordance with the International Accounting Standards (IAS) or Russian accounting standards, and, if using both, the companies were requested to base the dividend payments on the higher profit number.

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