MOSCOW: Russian Prime Minister Dmitry Medvedev on Tuesday ordered state companies to spend 50 per cent of their profits on dividend payouts in 2016, according to a document published on the government website. The measure is expected to boost federal budget revenues by 100 billion roubles ($1.52 billion), Medvedev told the lower chamber of Russia’s parliament as he reported on the performance of his Cabinet. The order concerns some of the country’s largest firms, including natural gas giant Gazprom, diamond producer Alrosa, oil companies Bashneft and Zarubezhneft, as well as RusHydro, Sovkomflot, Transneft, Rosneftegaz, according to the document.