Medvedev Orders Probe into State Corporations

Anatoly Chubais & Sergey KirienkoRussian President Dmitry Medvedev has instructed Prosecutor General Yuri Chaika and Director of the Presidential Control Directorate Konstantin Chuichenko to carry out comprehensive checks into the activities of state corporations.

Medvedev said particular attention should be paid to the proper and effective use of state assets and funds transferred to state corporations. Following on the conclusions of the probe, Chaika and Chuichenko are due to present proposals regarding the “expediency of state corporations as a legal form of organisation.” The President ordered the probe to be completed by 10 November 2009.

There are seven state corporations in Russia, established under the presidency of current prime minister Vladimir Putin: Vnesheconombank, Rostechnologii, Rusnano, Deposit Insurance Agency, Fond GKH, Rosatom, and Olimpstroy. At present, state corporations enjoy special privileges, and their heads — including Rosnano head Anatoly Chubais and Rosatom head Sergey Kiriyenko — have enormous clout.

Российские госкорпорации: карта бизнеса
Журнал РБК, 3/2008

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