"At a meeting of the board of directors held on June 5, 2023, it was decided to recommend to the general annual meeting of shareholders of the company not to distribute the company's profits and not to pay dividends based on the results of 2022," RIA Novosti quoted the company as saying.
The press service of the company reported that it had already paid interim dividends for the first half of 2022 in the amount of $302 million.
"In the current unfavorable market conditions, the company's debt burden is relatively high. At the same time, the company maintains its plans for a large-scale investment program, including the environmental modernization of its plants, "RUSAL noted.
Earlier, the board of directors of the Russian airline Aeroflot recommended not to pay dividends for the past year.