Russia aims to get at least 110 bln rbls in extra dividends from state firms in 2016

MOSCOW: Russia's state property agency has proposed to increase dividend payments by state firms this year in order to get no less than 110 billion roubles ($1.4 billion) in extra budget revenues if the decision is approved, said agency head Olga Dergunova.

"As you know, 25 percent is a standard (divident payment), and state firms do not pay less than this amount to the budget. We have proposed to increase this percentage this year, and if the government supports this decision, we will get no less than 110 billion roubles in additional revenue," she said on Tuesday.