Dividends

Gazprom Holding will calculate dividends for 2020 based on net profit for 1Q in the amount of ₽288 billion, adjusted for "paper" write-offs, said Deputy Chairman of the Board of Directors Samil Sadygov. The loss recorded in Q1 2020 is mainly due to negative exchange rate differences caused by a sharp depreciation of the ruble in March against the background of the pandemic, as well as events in the global oil market.