Moscow's Prime Real Estate Stands Vacant as Crisis Hits

Regulations for planning state construction projects push costs up by as much as 40 percent, Russia's Audit Chamber said in a statement Monday.



Prices are inflated as some state agencies ignore existing budgeting procedures, some partially fulfill them and others outsource them to private agencies, according to the state's financial watchdog.



Read the full story: State Building Contracts Inflated By Up to 40% — Audit Chamber