Source Pravda.Ru

Is Chukotka gone bankrupt?

Chukotka's government does not think that the district has gone bankrupt.

"The government of the Chukotka autonomous area (Russia's northeast) believes that the Russian Audit Chamber's statements about the district's bankruptcy do not reflect the real financial position of Chukotka and discredit the authorities' efforts to fulfil the district's debt obligations and improve the socio-economic situation in the area," runs the government's official statement.

The Russian Audit Chamber has checked the use of budget means in the Chukotka autonomous district and come to the conclusion that the region is actually bankrupt.

An official of the Russian Audit Chamber Sergei Ryabukhin said at a press conference on Friday that the district's state debt totalled 9.3 billion roubles ($1 equals 29 roubles) as of January 1, 2004, having exceeded Chukotka's revenues of 3.9 billion roubles over 2.5-fold.

According to the district's official statement, under the current Russian law, the term "bankrupt region" is inappropriate for Chukotka.

"Such a definition is suitable for a federation member who cannot afford servicing and settling its debts. Chukotka has all the opportunities to settle its state debt inherited from the previous leaders of the district," says the statement.

At present, the return of "gold loans" that the district received in 1992-1998 is being addressed, the document states. Only this year Article 88 included in the law On the 2004 Federal Budget gave the opportunity to remedy this situation. The article provides for restructuring payments on "gold loans" till 2015.

Chukotka Governor and Sibneft CEO Roman Abramovich, a financial bigwig of the Yeltsin era and an acknowledged member of Yeltsin's "family" (entourage), spends most of the time in London, and is the one who purchased the London Chelsea Club for $100 million much to the disapproval of Russian political circles.

Russian Foreign Minister Sergei Lavrov said at a briefing in Beijing that the question about the shipment of S-300 anti-aircraft missile systems to Syria had not been resolved yet. However, Syrian Ambassador to Russia Riyad Haddad said that S-300 missile systems had been delivered to Syria last month

Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria

Representatives of the Israeli Defence Ministry responded to recent reports about the possible delivery of S-300 SAM systems from Russia to Syria. Israeli Defence Minister Avigdor Lieberman said that Israel would destroy those systems

Israel vows to destroy Russia's S-300 in Syria in case of danger
Comments
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Putin: Russia's young scientists build world's most powerful arms system in 7 years
Russia and China warn against 'chaos and war' on Korean Peninsula
Large lake of boiling water found on Mars
Chernobyl could have killed 40,000 people
Silk Road To Germany: New Molotov-Ribbentrop-Mao Pact
Putin: Russia's young scientists build world's most powerful arms system in 7 years
Israel vows to destroy Russia's S-300 in Syria in case of danger
Russia wants to be prepared for most severe sanctions that Washington is working on
Russia wants to be prepared for most severe sanctions that Washington is working on
Russian Air Force shows how NATO ships can be destroyed. Video
Two women fall victims to Moscow plastic surgeons in two weeks
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
Russian Air Force shows how NATO ships can be destroyed. Video
UK's Lehram fails to challenge the sale of Kuzbass mine
Ukraine loses nearly 4,000 military men killing fellow Ukrainians in Donbass
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
Putin to sign new decree to spend ten trillion rubles on social needs
World War Three is near? The West wants to bypass Russia's veto at UN Security Council