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December 25, 2018, is the deadline for the payment of dividends to the budget.
Ukraine's Cabinet of Ministers has transferred 45%, or UAH 17.7 billion (US$661.4 million), from the previously unallocated net profit (dividends) of National Joint-Stock Company Naftogaz of Ukraine for 2017 to the national budget.
Read alsoNaftogaz receives US$1.4 bln in net profit in 2017
All dividends must be transferred to the budget before December 25, 2018, according to Cabinet resolution No. 535-r of July 26.
In particular, UAH 500 million shall be channeled in July-September per month (a total of UAH 1.5 billion), UAH 8.099 billion before November 30, and another UAH 8.099 billion before December 25.
As UNIAN reported earlier, Naftogaz in 2017 increased its net profit by 48% against 2016, to UAH 39.4 billion ($1.5 billion).
UNIAN memo. NJSC Naftogaz of Ukraine is the largest state-run vertically integrated oil and gas holding whose subsidiaries account for about 90% of oil and gas production in Ukraine. Naftogaz develops oil and gas fields, produces crude oil and natural gas. Its core business is also transportation and trade in fuel through its own network of filling stations.