Sergei Ryabukhin, an auditor at Russia's Audit Chamber, said today the Chukotka region in Russia's northeast had run up debts of 9.3 billion rubles ($320 million) as of the beginning of the year.
He said that equals 2 1/2 times the region's budget revenue.
Ryabukhin also said there is evidence of financial and tax violations in the region.
He said Chukotka had given tax breaks of more than $470 million dollars, mainly to companies related to Sibneft, the oil company Abramovich controls.
(AP/ITAR-TASS)
He said that equals 2 1/2 times the region's budget revenue.
Ryabukhin also said there is evidence of financial and tax violations in the region.
He said Chukotka had given tax breaks of more than $470 million dollars, mainly to companies related to Sibneft, the oil company Abramovich controls.
(AP/ITAR-TASS)
