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. Last Updated: 07/27/2016

Debtors' Black Book

It cannot be ruled out that in the near future the government will release a resolution on carrying out tax and auditing verification on large debtor industries. The time for the necessary campaign liberalism in their favor is past; the time has now come to pursue the realization of the addendum to Russia's agreement with the International Monetary Fund, which includes the requirement to conduct complete audits on nonpaying enterprises and to set up permanent tax inspection posts in Russia's largest enterprises. A directory of the largest debtors to the government as of July 1, 1996 ... has already been prepared by the Federal Tax Service.

Energy complex industries lead the list: The debts of Norilskgazprom run at 490 billion rubles ($92 million), Tatneft owes 374 billion rubles and Orenburgneft, 766 billion rubles. Behind them come transport concerns, including Kemerov Railroad, whose debt is higher than 700 billion rubles, and Gorky Railroad, which owes the budget 325 billion rubles. Unified Energy Systems owes almost 405 billion rubles and Tatenergo, 320 billion.

The ruinous influence of campaign tolerance, judging by the documents of the Federal Tax Service, is overly apparent.