23.01.2023, 13:03
Norilsk Nickel decided to shift the focus to Russia
Source: OREANDA-NEWS
OREANDA-NEWS Norilsk Nickel, against the background of sanctions pressure, abandoned plans to enter other markets and is forced to restructure its investment policy, placing even greater emphasis on Russia, the head of the company, Vladimir Potanin, told RBC.
"We had plans for expansion into other markets for some businesses. Conversely, we have participated in various startups in other countries in the hope of bringing them to Russia in order to strengthen our existing businesses here. Such opportunities are now almost completely gone," Potanin said. He explained that the whole paradigm of business, which was tied to involvement in the international chain, is now being reoriented to "internal history". Earlier, on Saturday, RBC, citing sources close to the board of directors of Norilsk Nickel, wrote that the company's management offered to allocate $ 1.5 billion for dividends for 2022.
In December, the Board of Directors of Norilsk Nickel approved a budget that provides for a 10% increase in capital investments - up to $ 4.7 billion.
"We had plans for expansion into other markets for some businesses. Conversely, we have participated in various startups in other countries in the hope of bringing them to Russia in order to strengthen our existing businesses here. Such opportunities are now almost completely gone," Potanin said. He explained that the whole paradigm of business, which was tied to involvement in the international chain, is now being reoriented to "internal history". Earlier, on Saturday, RBC, citing sources close to the board of directors of Norilsk Nickel, wrote that the company's management offered to allocate $ 1.5 billion for dividends for 2022.
In December, the Board of Directors of Norilsk Nickel approved a budget that provides for a 10% increase in capital investments - up to $ 4.7 billion.
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