[lbo-talk] Seventy percent of assets still in state hands, says Russian audit chief

Chris Doss lookoverhere1 at yahoo.com
Wed Jan 19 03:51:41 PST 2005


Seventy per cent of assets still in state hands, says Russian audit chief ITAR-TASS

Moscow, 18 August: The chairman of the Audit Chamber of the Russian Federation, Sergey Stepashin, plans to deliver an address on the results of privatization in Russia in March-April 2005. He disclosed this today at a meeting of the Motherland faction.

There is "an official decision by the leadership of the lower house to hear the address in March or April in the context of a report on the work of the Audit Chamber", Stepashin said, amongst other things.

He noted that all evidence already gathered by the Audit Chamber had already been forwarded to parliament, the president and the Office of the Prosecutor-General.

Stepashin stressed that, according to experts' assessments, "70 per cent of national assets have not yet been privatized. These include mineral resources, land and energy resources." In this connection he said it was essential for members of parliament to draw up a number of proposals for enactments and legislation on Russia's forthcoming privatization.

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