Rosneft CEO Igor Sechin suggested that Russian banks with state participation should increase dividend payments in favor of the state, which would reduce budget risks, allow the authorities to consider easing fiscal regimes for producers and become an incentive for the country's development.

"The banking system is stable due to the relatively low tax burden and increased yield of federal loan bonds, which allows it to operate with high efficiency. But we expect an increase in its contribution not only to the budget, but also to the country's economy. As a minimum, increasing dividend payments in favor of the state would be reasonable and appropriate and would reduce budget risks and allow for considering the mitigation of fiscal regime for producers and become a stimulus for the country development," Igor Sechin said, speaking at the Energy Panel within the framework of the XXVIII St. Petersburg International Economic Forum.

The CEO of Rosneft reminded that for more than three years the Russian economy has been under unprecedented sanctions pressure. "However, despite numerous negative forecasts, it has been able to assert its viability during this period. In the last two years, Russia's GDP growth rate has exceeded the global average," he emphasized.

According to the Ministry of Finance, the federal budget remains balanced and the level of government debt is stable and under control, Igor Sechin said.

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Rosneft Oil Company
June 21, 2025