Exhibit 1.6    Approved
by Annual General Shareholders Meeting
of OJSC Rostelecom held on June 9, 2008
Minutes No. 1 dated June 24, 2008  REGULATIONS
ON THE AUDIT COMMISSION OF  THE OPEN
JOINT STOCK COMPANY
LONG-DISTANCE AND INTERNATIONAL TELECOMMUNICATIONS ROSTELECOM  (restated version No. 2)   Moscow 2008


1.
  
  GENERAL PROVISIONS1.1.
  
  These Regulations on the Audit Commission of
  OJSC Rostelecom (Regulations) have been developed in accordance with the
  Federal Law On Joint Stock Companies
  and the Charter of the Company.1.2.
  
  These Regulations provide operating
  procedures of the Audit Commission, including procedures for the holding of
  meetings of the Audit Commission, procedures for the conduct of audits, scope
  of authority of the members of the Audit Commission, and procedures for their
  interaction with the governing bodies of the Company.1.3.
  
  The Audit Commission shall be elected by the
  General Shareholders Meeting in accordance with the procedure stipulated by
  current law and the Charter of the Company.1.4.
  
  The scope of authority of the Audit
  Commission and its individual members may be terminated in accordance with
  the procedure stipulated by current law, the Charter of the Company, and
  these Regulations.2.
  
  SCOPE OF COMPETENCE OF THE AUDIT
  COMMISSION2.1.
  
  The Audit Commission, acting within its scope
  of authority as defined by the Charter of the Company, shall supervise
  financial and business operations of the Company, including the operations of
  its Branches and Representative Offices.2.2.
  
  The Audit Commission shall effect such
  supervision by conducting audits of financial and business records of the
  Company, including primary accounting records and tax records.3.
  
  RIGHTS OF THE MEMBERS OF THE AUDIT
  COMMISSION3.1.
  
  In the course of conducting its operations
  the Audit Commission may request submission of, and individuals holding
  official positions in the governing bodies of the Company shall submit,
  documents related to financial and business operations of the Company,
  including confidential documents, doing the same in accordance with the
  following procedure:3.1.1.
  
  the request for the submission of documents
  related to financial and business operations of the Company may be filed with
  the General Director of the Company both orally and in writing (with a copy
  thereof being given to the Head of the internal control unit of the Company),
  provided that individuals holding official positions in the governing bodies
  of the Company may demand that the Audit Commission furnish a written
  confirmation of such request filed as hereinbefore described;3.1.2.
  
  documents related to financial and business
  operations of the Company shall be submitted, as requested by the Audit
  Commission, within 5 business days or, if for objective reasons this proves
  impossible, within 10 business days following the date on which the request
  is filed;3.1.3.
  
  members of the Audit Commission shall be
  granted access to the records of the Company, including confidential
  documents, at any time during normal business hours or, if necessary and
  subject to an appropriate written request, after normal business hours;3.1.4.
  
  to secure availability of documents
  supporting the findings of audits (reviews) of the operations of the Company,
  the Audit Commission may request submission of properly certified copies of
  documents related to financial and business operations of the Company;3.1.5.
  
  in the event of submission of documents
  containing false or misleading information, refusal to submit the documents
  requested, failure to meet the deadline stipulated by paragraph 3.1.2 of
  these Regulations, or emergence of other circumstances preventing its normal
  operation, the Audit Commission may demand that executive bodies of the
  Company take statutory actions with respect to the individuals responsible
  therefore, and cause the documents required to be furnished within 5 business
  days thereafter;  2


3.1.6.
  
  all situations where executive bodies of the
  Company fail to comply with the provisions of paragraph 3.1.5 of these
  Regulations and, inter alia, fail to take statutory action against
  individuals responsible for any violations hereunder, shall be communicated
  to the Board of Directors of the Company and noted in the opinion submitted
  by the Audit Commission;3.1.7.
  
  access to financial and business records of
  the Company containing state secrets shall be regulated by applicable laws.3.2.
  
  The Audit Commission may, acting in
  accordance with the applicable provisions of current law and the Charter of
  the Company, demand convocation of the meetings of the Management Board or
  the Board of Directors, or of the extraordinary General Shareholders
  Meeting, to resolve the matters lying within their respective scopes of
  competence.The Audit Commission of the Company may
  request any committee of the Board of Directors to review any matter lying
  within the scope of competence of such committee of the Board of Directors.Procedures for the convocation of the
  meetings of the Management Board and the Board of Directors, of the
  extraordinary General Shareholders Meeting, and of the Audit Committee of
  the Board of Directors at the request of the Audit Commission shall be
  provided by current law, the Charter of the Company, and the Regulations
  governing the operations of the appropriate governing bodies of the Company.
  If such procedures are not provided as describe above, the relevant meeting
  shall be held within reasonable time following the request of the Audit
  Commission.3.3.
  
  The Audit Commission may demand that officers
  of the Company provide personal explanations with respect to any matters
  lying within the scope of competence of the Audit Commission. Such
  explanations shall be made in writing and signed by the officer providing the
  same. The Audit Commission shall attach such explanations to the documents
  supporting the findings of the appropriate audit.3.4.
  
  The explanations provided at the request of
  the Audit Commission shall be furnished within the time period allocated
  therefore in paragraph 3.1.2 of these Regulations. If no explanation is
  provided, or the explanation provided is knowingly false or misleading, the
  Audit Commission shall act in accordance with the same procedure as described
  in paragraphs 3.1.5 and 3.1.6 of these Regulations.3.5.
  
  When encountering extremely complex issues in
  the course of its operations, the Audit Commission may attract experts
  (individuals and/or legal entities) who are not members of the Audit
  Commission or employees of the Company, doing the same in accordance with the
  procedure stipulated by paragraph 5.4 of these Regulations.3.6.
  
  Upon discovery of violations related to the
  issues lying within its scope of competence, the Audit Commission may demand
  that the governing bodies of the Company impose the appropriate penalty upon
  the employee (officer) of the Company whose acts or omissions have resulted
  in such violation.3.7.
  
  The governing bodies of the Company shall
  notify the Audit Commission of the measures taken in response to such
  demands.4.
  
  DUTIES OF THE MEMBERS OF THE AUDIT
  COMMISSION4.1.
  
  The members of the Audit Commission shall
  have a duty to:4.1.1.
  
  Maintain confidentiality of the information
  (keep trade secrets) which become(s) known to the members of the Audit
  Commission in the course of performing their official duties, and to the
  experts involved in the conduct of audits pursuant to paragraph 3.5 of these Regulations,
  doing the same in accordance with current law and the internal regulations of
  the Company governing confidentiality issues.4.1.2.
  
  Submit their opinions based on the findings
  of audits (reviews) of financial and business operations of the Company
  conducted in accordance with the Charter of the Company and these
  Regulations.4.2.
  
  The members of the Audit Commission shall be
  liable for irregularities and violations committed by them in the course of
  performance of their official duties in accordance with current law of the
  Russian Federation.  3


5.
  
  OPERATING PROCEDURES OF THE AUDIT
  COMMISSION5.1.
  
  Election and scope of authority of the
  Chairman and Secretary of the Audit Commission.5.1.1.
  
  The operations of the Audit Commission shall
  be managed by its Chairman who shall be elected by a simple majority vote of
  the members of the Audit Commission voting at the first meeting of the Audit
  Commission. The Chairman of the Audit Commission may be reelected at any time
  by resolution of the majority of the members of the Audit Commission.5.1.2.
  
  The candidate for the position of the Chairman of
  the Audit Commission may be proposed by any member of the Audit Commission.
  Any member of the Audit Commission may nominate himself/herself as the
  candidate for the position of the Chairman of the Audit Commission.5.1.3.
  
  The Chairman of the Audit Commission shall organize
  its work, convene the meetings of the Audit Commission of the Company,
  preside and cause the minutes thereof to be maintained thereat.The Chairman of the Audit Commission may not
  influence the conclusions made by the members of the Audit Commission based
  on the findings of completed audits (reviews).5.1.4.
  
  The operations of the Audit Commission shall be
  supported by the Secretary of the Audit Commission who shall be elected at
  the first meeting of the Audit Commission. The Secretary of the Audit
  Commission shall be elected in accordance with the same procedure as used for
  the election of the Chairman of the Audit Commission.5.1.5.
  
  The Secretary of the Audit Commission shall,
  immediately upon his/her election, notify the Company of the methods for the
  service thereupon of documents furnished to the Audit Commission in
  accordance with the provisions of 6.1 of these Regulations.5.1.6.
  
  The Secretary of the Audit Commission shall keep the
  minutes and arrange for the storage of documents related to the operations of
  the Audit Commission in accordance with the provisions of Section 6 of
  these Regulations.5.2.
  
  Conduct of the meetings of the Audit Commission5.2.1.
  
  All matters which are related to the operations of
  the Audit Commission, and are not assigned by these Regulations to the scope
  of competence of the Chairman of the Audit Commission, shall be resolved at
  the meetings of the Audit Commission. The meetings of the Audit Commission
  shall be conducted as necessary, but in any event at least one time each
  quarter.5.2.2.
  
  The first meeting of the Audit Commission shall be
  conducted within 15 days following the date of election of the Audit
  Commission.5.2.3.
  
  The meetings of the Audit Commission shall be
  chaired by the Chairman of the Audit Commission. In the absence of the
  Chairman of the Audit Commission, the members of the Audit Commission shall,
  by a simple majority vote of the members attending the meeting, appoint a
  person to act instead of the Chairman of the Audit Commission at such
  meeting.5.2.4.
  
  Minutes shall be kept at the meeting of the Audit
  Commission. In the absence of the Secretary of the Audit Commission, the
  members of the Audit Commission shall, by a simple majority vote of the
  members attending the meeting, appoint a person to act instead of the
  Secretary of the Audit Commission at such meeting. The minutes shall be
  signed by the person presiding at the meeting and the Secretary of the Audit
  Commission.5.2.5.
  
  The meetings of the Audit Commission shall be
  conducted on a mandatory basis prior to, and upon completion of, each audit
  (review) of financial and business operations of the Company.5.2.6.
  
  The meetings of the Audit Commission may be
  conducted either by way of joint presence or absentee voting of the Committee
  members.5.2.7.
  
  If the meeting is conducted by absentee voting, the
  members of the Audit Commission shall be furnished with documents pertaining
  to the agenda of such meeting, and with the voting ballot enabling them to
  unequivocally express their position on the matters on the agenda.  4


The documents required for the conduct of the
  meeting by absentee voting shall be prepared and dispatched by the Secretary
  of the Audit Commission upon request of the Chairman of the Audit Commission.
  The Chairman of the Audit Commission shall determine the deadline for the
  submission of completed voting ballots wherein the members of the Audit
  Commission have expressed their position on the matters on the agenda.5.2.8.
  
  The meeting of the Audit Commission shall be deemed
  duly constituted if at least one half of elected members of the Audit
  Commission are present thereat.If the meeting is conducted by absentee
  voting, it shall be deemed to have taken place if at least one half of elected
  members of the Audit Commission have taken part in the voting.5.2.9.
  
  Resolutions of the Audit Commission shall be
  approved by a simple majority of votes cast by the members of the Audit
  Commission attending the meeting (taking part in the voting in the event of
  absentee voting).Each member of the Audit Commission shall
  have one vote. In the event of a tie, the Chairman of the Audit Commission
  shall have the casting vote.5.3.
  
  Conduct of audits by the Audit Commission.5.3.1.
  
  The Audit Commission shall audit financial and
  business operations of the Company at the end of each fiscal year. The
  opinion of the Audit Commission on the findings of the annual audit of
  financial and business operations of the Company shall be submitted to the
  Board of Directors at least 14 business days prior to the date of preliminary
  approval of the annual report by the Board of Directors of the Company.5.3.2.
  
  In addition to the audit (review) mentioned in
  paragraph 5.3.1 of these Regulations, the Audit Commission may conduct
  unscheduled audits (reviews) at any times, doing the same in accordance with
  the provisions of these Regulations.5.3.3.
  
  Unscheduled audits (reviews) of financial and
  business operations of the Company shall be conducted at the initiative of:·General Shareholders Meeting of the
  Company;·Board of Directors of the Company;·Shareholder(s) holding on the
  aggregate at least 10% of the voting shares of the Company;·Audit Commission of the Company.5.3.4.
  
  The audit (review) initiated by the General
  Shareholders Meeting or the Board of Directors shall be conducted on the
  basis of the appropriate resolution of the competent governing body of the
  Company.The Chairman of the Audit Commission shall
  organize the conduct of the unscheduled audit (review) within 30 days
  following the date of the appropriate resolution of the General Shareholders
  Meeting or the Board of Directors.5.3.5.
  
  The audit (review) initiated by the shareholder(s) of
  the Company shall be conducted on the basis of the appropriate written
  request filed with the Audit Commission. The Chairman of the Audit Commission
  shall organize the conduct of the unscheduled audit (review) within 30 days
  following the date of receipt of such request.5.3.6.
  
  If any member of the Audit Commission deems it
  necessary to conduct an unscheduled audit (review) of the operations of the
  Company, he/she shall file the appropriate proposal with the Chairman of the
  Audit Commission. The Chairman of the Audit Commission shall convene a
  meeting of the Audit Commission to discuss the need for, and the deadline for
  the conduct of, such unscheduled audit (review). The unscheduled audit
  (review) of financial and business operations of the Company initiated by the
  Audit Commission shall be conducted if a majority of the members of the Audit
  Commission vote therefore.  5


5.3.7.
  
  At least 10 days prior to the date of the audit
  (review), the Chairman of the Audit Commission shall notify, in writing, the
  Board of Directors of the Company and the General Director of the Company
  (person acting in his/her stead) of the planned audit (review), matters to be
  audited (reviewed), initiator of the audit (review), tentative dates of the
  audit (review), need for the involvement in the audit (review) of experts
  (individuals and/or legal entities) who are not members of the Audit
  Commission or employees of the Company, and other materials terms of the audit
  (review).5.3.8.
  
  To support the operations of the Audit Commission,
  the General Director of the Company (person acting in his/her stead) shall
  appoint a group of employees of the Company responsible for maintaining
  liaisons with the Audit Commission.5.4.
  
  Procedures for the involvement of experts
  (individuals and/or legal entities) who are not members of the Audit
  Commission in certain audits (reviews) conducted by the audit commission.5.4.1.
  
  In situations stipulated in paragraph 3.6 of these
  Regulations, the Board of Directors or any member of the Audit Commission
  may, at any time, file with the Chairman of the Audit Commission a proposal
  for the involvement in the conduct of the audit (review) of experts
  (individuals and/or legal entities) who are not members of the Audit
  Commission or employees of the Company..
  
  The resolution with respect to the need for
  the involvement in the conduct of the audit (review) of experts (individuals
  and/or legal entities) who are not members of the Audit Commission or
  employees of the Company shall be approved at the meeting of the Audit
  Commission5.4.2.
  
  If experts (individuals and/or legal entities) who
  are not members of the Audit Commission can be involved on a paid basis, such
  involvement shall be subject to preliminary approval by the Board of
  Directors of the Company. In its resolution, the Board of Directors shall
  stipulate payment procedures and other material terms of involvement of
  experts (individuals and/or legal entities) who are not members of the Audit
  Commission in the audit (review) conducted by the Audit Commission.5.4.3.
  
  The experts so involved shall be bound by a duty to
  maintain confidentiality (keep trade secrets) which become(s) known to
  them in the course of the audit (review).In the event of involvement of such experts,
  the Audit Commission shall cause confidentiality agreements to be signed by
  and between such experts and the Company prior to their participation in the
  audit (review).The agreements with such experts shall be
  executed, on behalf of the Company, by the General Director of the Company on
  the terms (including those pertaining to confidentiality) stipulated by the
  Board of Directors.5.5.
  
  Presentation of the findings of the audits (reviews)
  of financial and business operations of the Company conducted by the Audit
  Commission5.5.1.
  
  The Audit Commission shall prepare a Report on the
  findings of the audit (review) of financial and business operations of the
  Company within 5 business days following the date of completion of such audit
  (review).The Report shall be prepared on the basis of
  written opinions of the members of the Audit Commission which participated in
  the audit (review), such opinions being filed by them with the Secretary of
  the Audit Commission within 3 business days following the date of completion
  of the audit (review).The Report shall contain a narrative section
  detailing documented violations identified in financial and business
  operations of the Company in the course of the audit (review) or stating the
  absence thereof, and conclusions and recommendations of the Audit Commission
  as to the methods of correcting such violations.The Report shall be signed by the Chairman of
  the Audit Commission and its members which participated in the audit
  (review), and submitted to the General Director of the Company (person acting
  in his/her stead) within 5 days following the date of the Report. Within 10
  days following the date of receipt of the Report, the General Director of the
  Company (person acting in his/her stead) shall submit to the Audit Commission
  comments on all matters identified in the Report. If the comments submitted
  by the General Director of the Company allege the absence of certain violations,
  the Audit Commission shall, prior to preparing the conclusion, review such
  comments at the meeting of the Audit Commission attended by the relevant
  employees of the Company. 6


5.5.2.
  
  Based on the information contained in the Report,
  and on the results of the review of the comments thereon submitted by the
  General Director of the Company (if any), the Audit Commission shall prepare
  its opinion on, inter alia, accuracy and reliability of the data included
  into the statements and other financial documents of the Company.5.5.3.
  
  The opinion of the Audit Commission shall contain
  the following information, including the information incorporated therein in
  accordance with the requirements of Article 87 of the Federal Law On
  Joint Stock Companies:·Brief description of the
  Company audited (reviewed);·Information about the
  members of the Audit Commission;·Period for which the audit
  (review) is being conducted;·Method of conduct of the
  audit (review);·Information about the
  violations specified in the Report, comments on the Report submitted by the
  General Director of the Company, and results of review of such comments;·Conclusions of the Audit
  Commission regarding the accuracy and reliability of the accounting
  statements of the Company or any portions thereof.5.5.4.
  
  The opinion shall be signed by the Chairman of the
  Audit Commission and its members which participated in the audit (review).
  All disputes arising in the course of preparation of the opinion shall be
  settled by majority vote. Any member of the Audit Commission who is not in
  agreement with the conclusions contained in the opinion may provide his/her
  written dissenting opinion.5.5.5.
  
  The opinion shall be prepared within 15 business
  days following the date of completion of the audit (review).Within 5 days following the date of its
  completion, copies of the opinion of the Audit Commission shall be submitted
  to the Board of Directors (by forwarding the same to the Corporate Secretary
  of the Company), the General Director of the Company, and the person which
  initiated the audit (review) (if the audit (review) was initiated by the
  shareholder(s) of the Company). In all other cases, interested parties
  may review opinions prepared by the Audit Commission in accordance with the
  procedure stipulated by Article 91 of the Federal Law On Joint Stock
  Companies.6.
  
  RETENTION OF THE RECORDS OF THE
  AUDIT COMMISSION AND THEIR REVIEW BY INTERESTED PARTIES6.1.
  
  All documents submitted to the Audit Commission
  (including requests for the conduct of audits (reviews) shall be dispatched
  to the Company by registered mail against receipt, or delivered to the
  secretariat (office) of the Company. Executive bodies of the Company shall
  cause all documents so received to be forwarded to the Chairman of the Audit
  Commission or the Secretary of the Audit Commission.6.2.
  
  Opinions of the Audit Commission shall be stored at
  the location of the executive body of the Company. Pursuant to
  Article 89 of the Federal Law On Joint Stock Companies, the Secretary of
  the Audit Commission shall hand the minutes and opinions of the Audit
  Commission over to the Company prior to the election of a new Audit Commission
  by the General Shareholders Meeting of the Company.6.3.
  
  Opinions of the Audit Commission shall be provided
  to the persons which have statutory access to such documents in accordance
  with the procedure stipulated by current law and the Charter of the Company.6.4.
  
  All documents related to the operations of the Audit
  Commission, including copies of opinions and minutes of the meetings of the
  Audit Commission, shall be maintained by the Secretary of the Audit
  Commission. Upon reelection of the Secretary of the Audit Commission, he/she
  shall hand such documents over to the newly elected Secretary of the Audit
  Commission.The Secretary of the Audit Commission shall
  forward copies of opinions and minutes of the meetings of the Audit Commission
  to the Corporate Secretary of the Company within 5 business days following
  the date of signing of such documents.  7


7.
  
  LOGISTICAL SUPPORT OF THE
  OPERATIONS OF THE AUDIT COMMISSIONREMUNERATION AND COMPENSATION OF
  THE MEMBERS OF THE AUDIT COMMISSION7.1.
  
  The Company shall provide premises with all required
  office equipment (telephones, fax machines, computers, printers and other
  equipment as reasonably requested by the Chairman of the Audit Commission) to
  support the operations of the Audit Commission and, inter alia, to enable the
  conduct of the meetings of the Audit Commission, and for the duration of
  audits (reviews). The premises so provided shall be located so as not to
  hamper the operations of the Audit Commission.7.2.
  
  The Audit Commission shall be provided, at the
  expense of the Company, with clerical supplies and other expendable materials
  as required for the operations of the Audit Commission.7.3.
  
  The members of the Audit Commission shall be
  reimbursed for all expenses incurred by them in the course of performance by
  them of their official duties.7.4.
  
  The members of the Audit Commission shall be paid
  quarterly remuneration of RUR 350,000 each for the duration of performance by
  them of their official duties..
  
  The quarterly remuneration paid to the
  Chairman of the Audit Commission shall be increased by a factor of 1.3Remuneration for the quarter during which the
  Audit Commission is reelected, or any member of the Audit Commission
  withdraws from the Audit Commission in accordance with the procedure provided
  in Section 8 of these Regulations, shall be paid pro rata to the time
  during which the members of the Audit Commission actually performed their
  official duties.8.
  
  EARLY TERMINATION8.1.
  
  The powers and authorities of any or all members of
  the Audit Commission may be terminated prior to the expiry of their terms in
  office by resolution of the General Shareholders Meeting of the Company.8.2.
  
  The powers and authorities of the member of the
  Audit Commission shall be terminated upon his/her election to the Board of
  Directors, the Management Board, the Liquidation Committee, the Ballot
  Committee, or the position of the General Director of the Company. Upon the
  occurrence of any of the foregoing, the powers and authorities of the member
  of the Audit Commission shall be terminated on the date of approval by the
  competent governing body of the Company of the resolution on such election.
  Any member of the Audit Committee may vacate his/her position at any time by
  written notice to the Chairman of the Audit Commission and the Company. In
  such event, the powers and authorities of the member of the Audit Commission
  shall be terminated upon the date on which such notice is given.8.3.
  
  Withdrawal of the Chairman of the Audit Commission
  from his/her position shall be subject to compliance with the following
  procedure:·The Chairman of the Audit Commission shall notify the Company
  of his/her decision to withdraw from the Audit Commission;·The Chairman of the Audit Commission
  shall convene a meeting of the Audit Commission;·A new Chairman of the Audit Commission
  shall be elected such meeting.8.4.
  
  The Chairman of the Audit Commission shall retain
  his/her powers and authorities, and continue to perform his/her official
  duties, pending the election of a new Chairman of the Audit Commission.8.5.
  
  If the actual number of the members of the Audit
  Commission falls below half the number stipulated by the Charter of the
  Company, the Chairman of the Audit Commission shall notify the Board of
  Directors of the Company accordingly within 5 days following the occurrence
  of such event. The Board of Directors shall then convene an extraordinary
  General Shareholders Meeting to elect a new Audit Commission.  8


9.
  
  FINAL PROVISIONS9.1.
  
  These Regulations shall be approved at the
  General Shareholders Meeting by a simple majority of votes cast by the
  holders of voting shares of the Company attending such meeting.9.2.
  
  All amendments and additions to these
  Regulations shall be approved at the General Shareholders Meeting by a
  simple majority of votes cast by the holders of voting shares of the Company
  attending such meeting.9.3.
  
  If, following any changes in
  current law of the Russian Federation or the Charter of the Company, any
  provisions of these Regulations become inconsistent therewith, such
  provisions shall be deemed null and void, and pending the approval of the
  requisite amendments to these Regulations the members of the Audit Commission
  shall be guided by current law.  9