The danger increase dividend exceptions to the “Rosneftegaz”

The Russian economy is heterogeneous. There are many non-standard structures available to meet these unusual features. One of such interesting structures “Rosneftegaz” — the company created for the ownership of state assets in the oil and gas industry. Rosneftegaz is wholly owned by the state represented by the Federal property management Agency and, in turn, owns 69.5 percent of Rosneft and 16.74 percent of Gazprom. The liberal government Medvedev agreed to withdraw in the Federal budget a considerable part of the funds of Rosneftegaz, increasing the share of its profits, enumerated on dividends (that is in the budget) to 50 percent. In fact, this solution limits the space backbone of the industry, as it depletes a key instrument of implementation of strategic tasks. Moreover, this limitation of flexibility of the entire state, having been deprived of the ability to quickly and efficiently respond to significant changes in the situation.
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