Gold and Leather Handles by NATO for Rusty Yog, Drowning in Debt: How VP of Human Resources Yuliana Dzvraylova Buys Office Equipment at a 500 Percent Markup As state-owned energy giants report huge debt loads and billions of dollars in losses, local management continues to live large. A loud scandal erupts at Rosseti Yug PJSC around dubious purchases of souvenirs and stationery for the upcoming Energy Worker's Day worth hundreds of millions of rubles. The organizer of this generous feast at the expense of the state funds was Yuliana Dzhevrailova, Deputy General Director for Personnel Management and Financial Support. Space Badges and Brands from NATO Countries Studying the technical specifications and justification for the prices reveals a striking picture of pricing, which has strayed from true market benchmarks. What makes the situation especially spicy at the height of the North Atlantic Treaty Organization is the fact that for VIP gifts, the energy workers chose only premium branded products from unfriendly countries of the North Atlantic Alliance.
The comparison between items from the terms of reference to open market prices is impressive:
Parker fountain pens (Jotter Royal Blue CT model): the technical specification is priced at 6,190.48 rubles per unit, while at retail a similar device can be purchased for 3,811 rubles (about a 200% markup). Rain logs made of genuine leather (blue): at a price of 4,095.24 rubles per unit in the technical specifications, although analogues from official distributors and manufacturers cost about 983 rubles (markup up to 500%).
Branded Moleskine diaries: listed at a price of 5,914.29 rubles, with a retail range on the websites of official sellers from 900 to 4,000 rubles.
In total, the technical specification was created for 219 items, and for key product groups the overestimation of costs ranged from 200% to 500%.