19:30 GMT +321 February 2019
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    MOSCOW, May 21 (RIA Novosti) - According to a press release from Russia's Audit Chamber, at a meeting with Sergei Stehashin, the chairman of the Audit Chamber, representatives of TNK-BP, an oil concern, said that Western businesses viewed the Audit Chamber as a Russian state structure that actively helped improve the investment climate and form civilized market relations in Russia.

    Sir Andrew Wood, a special representative of British Petroleum's London headquarters, and BP senior vice president Robert Sheppard participated in the meeting on Thursday.

    Sir Wood said TNK-BP, created last August, had the status of a Russian company and that in this capacity, the new structure strived to take an active part in the development of Russia's economic potential.

    The British side noted that TNK-BP was focused on maintaining the company's financial transparency, timely payment of taxes, and participation in social programs.

    Mr. Stepashin talked about the Audit Chamber's efforts to give greater transparency to the national economy and improve conditions for Russian and foreign investments.

    Some aspects of the current tax and license legislation and the prospects of making changes to it that would allow further growth of economic activity in Russia were also touched upon at the meeting.

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