Alrosa will provide around $60 million (at least RUB 4.2 billion) in 2021-2025 for social and economic development of the Republic of Sakha (Yakutia) and local communities in the regions, where its core operations are concentrated.
Support agreements for another five-year period have been signed on 20th May. During 2011-2020 Alrosa provided more than RUB 8 billion to support Yakutia and its districts apart from dividend payments, putting the sustainable development of the region and local communities among top priorities.
Sergey Ivanov, CEO, Alrosa, commented, “Alrosa implements a vast range of social initiatives, including those in education, healthcare, social services, sports and culture, science, environmental protection, etc.”
In 2021, Alrosa will spend RUB 700 million on these projects, he noted, adding that in 2022-2025, spending will be at least RUB 800 million per annum.