russian Strategic Enterprises Are Losing Financial Stability

On June 26, “gazprom” intends to decide to refrain from paying dividends for 2024. The reasons for this are the loss of access to key export markets, toughening of Western sanctions, and a decline in market capitalization (within the last week alone, “gazprom”’s stock prices have decreased by almost 5 %).

Please, be reminded that the company has not been paying dividends since 2022.

Almost simultaneously, other large russian corporations announced a similar refusal to pay shareholders. These include the agricultural holding “rusagro”, aluminum producer “rusal”, mining and metals giant “nornikel”, retailer “magnit”, and steel companies “nlmk” and “severstal”.