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Press review: What SPIEF-2021 is focusing on and Russia moves to dump dollar

Accounts Chamber finds violations in defense sector worth almost 125 bln rubles in 2020

According to the report, the violations are linked mostly to procurement activities MOSCOW, March 17. /TASS/. Violations detected in 2020 by Russia’s Accounts Chamber in the sphere of defense, national security and law enforcement amount to 124.9 billion rubles (about $1.7 billion at the current exchange rate), the chamber said in the report about its work in 2020. Last year, the chamber carried out 31 audits in this sector. In its work, the chamber focuses not only on detecting violations and irregularities, which amounted to 124.9 billion rubles in total, but first of all on reasons why they occurred. According to the report, the violations are linked mostly to procurement activities (102.7 billion rubles, or $1.4 billion), compiling and presenting accounting records (8.2 billion rubles, or $112.5 million), and failure to ensure effectiveness and productivity of the use of funds (5.8 billion rubles, or almost $80 million).

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