Cabinet ceased to court for dividends Naftogaz

Кабмин прекратил суд за дивиденды Нафтогаза

The government and Naftogaz sued because of the size of payment of dividends to 90% profit in the last year.

The government has decided to withdraw the appeal in litigation with Naftogaz on the amount of dividends for the year 2018. This is stated in the definition of the Sixth appellate administrative court of Kyiv on September 10.

We will remind, on April 24, the Cabinet of Ministers has increased the deduction of the net profit of state enterprises to the budget in 2019 with 75% to 90%. Exception applies only to the savings Bank, Ukrhydroenergo, Railways, and the United mining and chemical company, which was ordered to pay 30% without reference to the size of profits.

In June, the court allowed the Naftogaz and Ukrnafta not to pay 90% of its profits as dividends.

However, after placing of Eurobonds for a billion dollars the company paid in an additional budget of 8.2 billion UAH of dividends.


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