New limits on microloans to kill off most micro lenders in Russia, say expertsBusiness & Economy July 25, 3:45
Lavrov says astonished to watch mass hysteria among US politiciansRussian Politics & Diplomacy July 25, 1:35
Lavrov comments on Syrian de-escalation zone agreementRussian Politics & Diplomacy July 24, 20:15
Iraq calls for closer cooperation with RussiaWorld July 24, 19:09
Russia develops laser-guided automatic landing system for dronesMilitary & Defense July 24, 18:22
Communist propaganda ban not aiming to dismantle Soviet WWII memorials, vows Polish envoyWorld July 24, 18:16
Situation with Siemens won’t affect Russian companies — energy ministerBusiness & Economy July 24, 18:11
Russian energy minister says oil prices may grow in 2017Business & Economy July 24, 17:31
Putin fills in Normandy Four on Russia’s approaches to key Minsk accord provisionsRussian Politics & Diplomacy July 24, 16:57
MOSCOW, October 28 (Itar-Tass) — Russia’s Audit Chamber has identified a number of irregularities in cooperation by the state and the operating companies on production sharing agreements (PSA), in particular, the implementation of projects Sakhalin-1 and Sakhalin-2. As the press-service of the agency said on Friday, it has questions to ask about Russia's participation in these projects and the regulatory role of the Ministry of Energy in implementing these agreements.
In Sakhalin-2, Russia’s participation is ensured only by 54 percent, which is not consistent with the agreement. In Sakhalin-1 all accounting is very formal and does not reflect the true picture of Russia's participation," the Audit Chamber said.
It also believes that the Ministry of Energy "has exercised the functions of an authorized agency for the implementation of government policies and regulation in the exploration of hydrocarbon deposits on the basis of the PSA not effectively enough." In particular, the chamber is critical of what it said was passive position of state representatives in the steering committees, which hold meetings too seldom.
The inspection also revealed violations of environmental laws. In particular, in the field of waste management, as the Audit Chamber said, some work was carried out without the appropriate licenses, and the requirements of industrial safety in the operation of facilities were ignored.