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    STEPASHIN: AUDIT CHAMBER WILL ANALYZE PRIVATIZATION RESULTS OVER PAST DECADE

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    MOSCOW, January 29 (RIA Novosti) - In 2004, the Audit Chamber of the Russian Federation is planning to analyze the privatization results over the past decade. Sergei Stepashin, the Audit Chamber's chairman, said this at a meeting with Sir Andrew Wood, representative of the British Petroleum's management and former British ambassador to Russia.

    According to the Audit Chamber's information received by RIA Novosti Tuesday, Stepashin pointed out that the analysis of the privatization results did not at all mean the revision of these results. On the contrary, the conclusions made could be used for creating a more favorable climate for privatizing enterprises which do not violate the law, work effectively, invest funds in the national economy, and fulfill their tax obligations to the federal budget.

    At the same time, the structures guilty of repeated violations of financial and tax legislation must be brought to account in keeping with law, Stepashin said.

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