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. Last Updated: 07/27/2016

Privatization Audit




MOSCOW -- Russia's Audit Chamber has decided to ask the president, government, parliament and the Prosecutor General's Office to reconsider the results of auctions in which shares of some of the country's key companies -- such as Svyazinvest, Sibneft, and Norilsk Nickel -- were sold.


Chamber Auditor Veniamin Sokolov said the decision was adopted by the chamber's collegium Dec. 19. The chamber found the auctions were marred by "the breach of legislation, due to which there is every ground to annul the deals," Sokolov said.