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8.3.2 Dividends dynamics
Russia’s natural gas giant Gazprom has decided against paying dividends for 2023, following heavy losses in 2023, the company’s shareholders decided at its annual meeting on June 28. The decision follows on from a recommendation from Gazprom's board of directors and a decree from the Russian government. Gazprom reported its first annual net loss under International Financial Reporting Standards (IFRS) since 1999, amounting to approximately RUB629bn ($6.8bn) in 2023. The company's
130 RUSSIA Country Report July 2024 www.intellinews.com