Putin calls for new state procurement system

Prime Minister Vladimir Putin called for a major overhaul of Russia’s state procurement system on Thursday, saying it was fertile ground for corruption and boosted purchase prices.

“All this creates a favorable medium for corruption, and creates unjustified increase in the delivery time for contracts, major increases in the price of things in state contracts and an urge to overspend state funds,” Putin said on Thursday at a meeting on formation of a new federal contract system.

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