Economics
Russia's Kudrin Gets Audit Post as Hopes of Bigger Role Fade
- Kudrin says he’ll focus on fighting corruption in audit post
- Investor had hoped he’d get more influential Kremlin role
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Former Finance Minister Alexei Kudrin confirmed Monday he’s agreed to head Russia’s Audit Chamber, disappointing hopes that the investor favorite could get a more powerful role in setting economic policy.
“The fight against corruption should be focused not only on catching criminals red-handed but most of all in creating the mechanisms to prevent corruption, to reduce the opportunities for it to a minimum,” Kudrin said in a website statement after legislators from the ruling party endorsed his candidacy. The Audit Chamber is a watchdog body focused on monitoring the spending of government funds.