The Russian Audit Chamber is ready to reevaluate the 1990s privatization and calculate the amount of a possible one-time compensation payment to the state, Sergei Stepashin, the head of the agency, said.
Privatization has continued to remain one of the hottest topics in the country, where a substantial part of citizens favors the revision of its results. “We completed the review of privatization results in 2003. Then, after analyzing its results, we publicly stated that it was carried out in the worst-case scenario,” he added. “In principle, today it is possible to calculate the difference in the prices of the assets during their privatization and their actual costs. We are ready to do all the calculations. The main thing now is to tell the truth and put an end to this issue.”