TITLE

Russian Econ Min against raising minimum dividends for state co's to 35% of profit

AUTHOR(S)
Interfax
PUB. DATE
May 2013
SOURCE
Russia & CIS Energy Newswire;5/15/2013, p1
SOURCE TYPE
Newswire
DOC. TYPE
Article
ABSTRACT
MOSCOW. May 15 (Interfax) - The Russian Economic Development Ministry is opposed to the Finance Ministry's proposal to raise minimum dividends for state-owned companies from 25% to 35% of profit, although it does think it possible to calculate dividends from profit to International Financial Reporting Standards (IFRS) instead of Russian Accounting Standards (RAS), Economic Development Minister Andrei Belousov told reporters in Moscow on Wednesday.
ACCESSION #
87611734

 

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