Russian Audit Chamber is inspecting spending of 2018 World Cup funds and Gazprom

Russian Audit Chamber Chairman Sergei Stepashin has pledged to monitor the spending of the budget for preparations for the 2018 FIFA World Cup in Russia.

"We will carry out 24/7 monitoring over the spending of the money allocated for preparations for the world football championship in Russia," Stepashin told Interfax on Friday.

"Our goal is to control all stages of construction, starting from the design, instead of waiting for the sad results, as it happened during the construction of a football stadium in St. Petersburg," he said.

The football stadium built in Kazan, the capital of Russia's Republic of Tatarstan, will serve as an example, he said. "Quality ideally matches the price" in this project, he added.

At the moment The Russian Audit Chamber is inspecting gas giant Gazprom.

"It is our first serious inspection of Gazprom in five years," Audit Chamber Chairman Sergei Stepashin told Interfax on Friday.

"I think that this audit will have interesting results. Many people speak about the closed nature of this company, but I would like to stress that Gazprom is fully cooperating with auditors from the Audit Chamber and providing them with all the required documents," Stepashin said.

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