State Firms Gazprom, Sberbank Opt Out of Dividend Payout
Russia’s state energy giant Gazprom and top lender Sberbank decided Thursday not to pay their investors dividends for 2021, sending the companies’ shares downward. Gazprom’s canceled 2021 dividends would have marked an all-time record payout for the company, giving investors an expected 1.24 trillion rubles ($23.37 billion). “The shareholders decided that in the current situation…