Page 70 - RusRPTJuly18

2017, which is still much less then it received in dividends on its 50% plus one stake in Rosneft, 10.97% stake in Gazprom, and 27.63% stake in InterRAO. Vedomosti estimated that in 2017 Rosneftegaz got RUB72.8bn in dividends from the three companies. Analysts surveyed by the daily point out that bi-annual dividend is in line with the new dividend policy of Rosneft , which will also pay the dividends twice a year. Rosneft has recently started to improve its image for investors and promised, among other things, to reduce its heavy debt load.
RUSSIA Country Report July 2018 www.intellinews.com