by Tomáš Šmíd (04/17/2013 issue of the CACI Analyst)
The Accounts Chamber of the Russian Federation recently issued a press release with information on the budget implementation audit of the Chechen Republic. The audit has revealed errors and violations amounting to 7.9 billion rubles (ca. US$ 252 million). While it has not yet been stated whether the violations will be classified as crimes, the Chechen leadership will have to explain how they handle the federal budget funds. To make things more complicated, the question emerges at a time when debates at the federal level increasingly question whether federal subsidies for Chechnya should be retained.
The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.