Alrosa's supervisory board recommends against paying H2'21 dividends

The supervisory board of PJSC Alrosa recommended against paying out a final dividend for the second half of 2021, pending shareholder approval.

According to a June 8 statement, the Russian state-owned diamond miner distributed dividends worth 64.7 billion rubles in the first half of 2021, exceeding 70% of the company's net profit for the year.

The proposal will be put to a vote at the annual general shareholders meeting on June 30.

In April, the U.S. Treasury Department's Office of Foreign Assets Control levied sanctions on Alrosa, part of a long list of sanctions against the Russian government as well as Russian companies and Russian individuals since the country's invasion of Ukraine began.

As of June 7, US$1 was equivalent to 62.22 Russian rubles.

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