Translation. Region: Russian Federal
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
Rosneft CEO Igor Sechin proposed that Russian banks with state participation increase dividend payments to the state, which would reduce budget risks, allow the authorities to consider easing fiscal regimes for producers and become an incentive for the country’s development.
“The banking system is stable due to the relatively low tax burden and increased yield on federal loan bonds, which allows it to operate with high efficiency. But we expect an increase in its contribution not only to the budget, but also to the country’s economy. At a minimum, increasing dividend payments in favor of the state would be reasonable and appropriate and could reduce budget risks, which would allow us to consider reducing fiscal regimes for producers and become an incentive for the country’s development,” said Igor Sechin, speaking at the Energy Panel within the framework of the XXVIII St. Petersburg International Economic Forum.
The head of Rosneft recalled that the Russian economy has been under unprecedented sanctions pressure for more than three years. “However, despite numerous negative forecasts, it has been able to assert its viability during this period. In the last two years, Russia’s GDP growth rates have exceeded the world average,” he emphasized.
According to the Ministry of Finance, the federal budget remains balanced, and the level of public debt is stable and under control, noted Igor Sechin.
Department of Information and Advertising of PJSC NK Rosneft June 21, 2025
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