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Nornickel’s Board of Directors Recommends No Dividends for Last Year

Photo by Lesly Juarez on Unsplash

This is stated in message “Nornickel”.

The company’s shareholders will hold an annual meeting on June 6 in absentia.

The company explained that the company’s financial results were negatively affected by the increased geopolitical risks and created new challenges for Nornickel’s operations and sales activities, as well as for the successful implementation of a number of strategic projects.

Furthermore, the Company expects the tax burden to increase and the cost of debt portfolio servicing to rise in 2023.

Earlier it was reported that Sberbank by the results of 2022 will pay a record dividend of 565 billion rubles.

In late March, First Deputy Prime Minister Andrei Belousov said that the Cabinet of Ministers proposes to remove restrictions on dividend payments for certain investors.

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