Oil company Bashneft announced about refusal from half-year moratorium on bankruptcy, which was introduced by the Government of the Russian Federation since April 1 of this year. Waiver of the moratorium will allow the company to retain the right to pay dividends or conduct a buyback of shares.

Bashneft's shareholders approved a dividend of ₽117.29 per common share for 2021. The last day to buy securities to receive dividends is July 7, 2022. The dividend yield could be 10.33% and 13.25% on the preferred.

The Board of Directors of Bashneft has recommended a dividend of ₽117.29 per common share for 2021. The last day to buy securities to receive dividends is July 7, 2022. The dividend yield could be 11.4% and 15.32% on preferred shares.

Andrey Lazeev will replace Khasan Tatriev as Bashneft's General Director. Lazeev has 28 years of experience in the industry. He has worked at Rosneft for the last 9 years, where he served as the company's vice president and chief geologist from 2013 to 2019 and as Bashneft's vice president of geology and development from 2016 to 2019. In 2020, he was appoint...