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Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɜɵɫɬɭɩɚɸɬ ɜ ɤɚɱɟɫɬɜɟ ɚɜɬɨɦɚɬɢɱɟɫɤɢɯ ɫɬɚɛɢɥɢɡɚɬɨɪɨɜ ɫɩɨɪɬɢɜɧɵɯ ɪɢɫɤɨɜ

ɜɨɡɧɢɤɚɸɳɢɯ ɜ ɞɟɹɬɟɥɶɧɨɫɬɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɤɥɭɛɨɜ Ʉɪɨɦɟɬɨɝɨɬɚɤɚɹɩɨɞɞɟɪɠɤɚɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨɫɩɨɪɬɚɹɜɥɹɟɬɫɹ

ɫɥɢɲɤɨɦ ɪɚɡɦɵɬɨɣ ɢ ɧɟɨɪɝɚɧɢɡɨɜɚɧɧɨɣ ȼ ɝɨɞɭ ɪɚɫɯɨɞɵ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɫɨɫɬɚɜɢɥɢ ɜɨ Ɏɪɚɧɰɢɢ ɩɨɱɬɢ ɦɥɪɞ ɟɜɪɨ ɢɡ ɤɨɬɨɪɵɯ ɛɵɥɨ ɩɪɟɞɨɫɬɚɜɥɟɧɨ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ± ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɦɢ ɨɪɝɚɧɚɦɢ ɛɨɥɟɟ ɜɵɫɨɤɨɝɨ ɭɪɨɜɧɹ ɧɚɫɟɥɟɧɢɟɦ ± ɨɫɬɚɥɶɧɨɟ±ɩɪɟɞɩɪɢɹɬɢɹɦɢɱɚɫɬɧɨɝɨɛɢɡɧɟɫɚɉɪɢɷɬɨɦɦɟɫɬɧɵɟɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɹɜɥɹɸɬɫɹ ɫɨɛɫɬɜɟɧɧɢɤɚɦɢ ɜ ɫɨɜɨɤɭɩɧɨɫɬɢ ɛɨɥɟɟ ɱɟɦɫɩɨɪɬɢɜɧɵɯ ɫɨɨɪɭɠɟɧɢɣ ȼɥɚɫɬɢ ɪɟɝɢɨɧɨɜ ɜ ɫɜɨɟɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɞɟɥɚɸɬ ɚɤɰɟɧɬ ɧɚ ɩɨɞɞɟɪɠɤɟ ɫɩɨɪɬɚ ɜɵɫɲɢɯ ɞɨɫɬɢɠɟɧɢɣ ɚ ɞɟɩɚɪɬɚɦɟɧɬɵ ± ɧɚ ɦɚɫɫɨɜɨɦ ɫɩɨɪɬɟ ɂɫɫɥɟɞɨɜɚɧɢɟ ɬɚɤɨɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɦɟɫɬɧɵɯ ɨɪɝɚɧɨɜ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜ ɨɬɧɨɲɟɧɢɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɩɨɤɚɡɚɥɨ ɱɬɨ ɩɪɟɞɨɫɬɚɜɥɹɟɦɚɹ ɢɦɢ ɩɨɞɞɟɪɠɤɚ ɜ ɨɩɪɟɞɟɥɺɧɧɨɣ ɦɟɪɟ ɜɵɯɨɞɢɬ ɡɚ ɪɚɦɤɢ ɫɬɚɧɞɚɪɬɧɨɝɨ ɩɪɟɞɨɫɬɚɜɥɟɧɢɹ ɫɭɛɫɢɞɢɣ ɢ ɩɪɟɞɫɬɚɜɥɹɟɬ ɫɨɛɨɣ ɫɨɜɨɤɭɩɧɨɫɬɶ ɪɚɡɧɵɯ ɜɢɞɨɜ ɦɟɪ ɷɮɮɟɤɬɢɜɧɨɫɬɶ ɤɨɬɨɪɵɯ ɡɚɱɚɫɬɭɸ ɫɭɳɟɫɬɜɟɧɧɨ ɪɚɡɧɢɬɫɹ

Ɍɚɤɚɹ ɩɨɞɞɟɪɠɤɚ ɩɪɟɞɨɫɬɚɜɥɹɟɬɫɹ ɫɪɚɡɭ ɧɚ ɦɧɨɝɢɯ ɭɪɨɜɧɹɯ ɜ ɱɚɫɬɧɨɫɬɢ ɜ ɮɨɪɦɟ ɩɪɟɞɨɫɬɚɜɥɟɧɢɹ ɩɪɹɦɨɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɦɨɳɢ ɚ ɬɚɤɠɟ ɤɨɫɜɟɧɧɨɣɮɢɧɚɧɫɨɜɨɣɩɨɞɞɟɪɠɤɢɱɬɨɦɨɠɟɬɜɵɪɚɠɚɬɶɫɹɜɨɛɟɫɩɟɱɟɧɢɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɧɟɨɛɯɨɞɢɦɨɣ ɢɧɮɪɚɫɬɪɭɤɬɭɪɨɣ ɟɺ ɬɟɯɧɢɱɟɫɤɨɦ ɨɛɫɥɭɠɢɜɚɧɢɢ ɢ ɭɥɭɱɲɟɧɢɢ ɚ ɬɚɤɠɟ ɫɬɪɨɢɬɟɥɶɫɬɜɟ

Ⱦɟɣɫɬɜɭɸɳɟɟ ɮɪɚɧɰɭɡɫɤɨɟ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɨ ɨ ɫɩɨɪɬɟ ɩɨɡɜɨɥɹɟɬ ɩɪɟɞɨɫɬɚɜɥɹɬɶ ɫɭɛɜɟɧɰɢɢ ɫɩɨɪɬɢɜɧɵɦ ɤɥɭɛɚɦ ɢ ɨɛɴɟɞɢɧɟɧɢɹɦ ɬɨɥɶɤɨ ɞɥɹ ɜɵɩɨɥɧɟɧɢɹ ɡɚɞɚɱ ɢɥɢ ɨɫɭɳɟɫɬɜɥɟɧɢɹ ɞɟɹɬɟɥɶɧɨɫɬɢ ɤɨɬɨɪɚɹ ɩɪɟɞɫɬɚɜɥɹɟɬ ɨɛɳɟɫɬɜɟɧɧɵɣ ɢɧɬɟɪɟɫ ɚ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɟ ɤɥɭɛɵ ɜɩɪɚɜɟ ɩɨɥɭɱɚɬɶ ɮɢɧɚɧɫɢɪɨɜɚɧɢɟ ɨɬ ɦɟɫɬɧɵɯ ɨɪɝɚɧɨɜ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɬɨɥɶɤɨ ɥɢɲɶ ɜ ɪɚɦɤɚɯ ɡɚɤɥɸɱɚɟɦɵɯ ɦɟɠɞɭ ɧɢɦɢ ɞɨɝɨɜɨɪɨɜ ɢ ɞɥɹ ɪɟɲɟɧɢɹ ɡɚɤɪɵɬɨɝɨ ɩɟɪɟɱɧɹ ɡɚɞɚɱ ɤ ɤɨɬɨɪɵɦ ɨɬɧɨɫɹɬɫɹ ɧɚɩɪɢɦɟɪ ɩɨɞɝɨɬɨɜɤɚ ɩɪɢ ɨɩɪɟɞɟɥɺɧɧɵɯ ɭɫɥɨɜɢɹɯ ɫɩɨɪɬɫɦɟɧɨɜ ɪɟɚɥɢɡɚɰɢɹ ɦɟɪ ɧɚɩɪɚɜɥɟɧɧɵɯ ɧɚ ɨɛɟɫɩɟɱɟɧɢɟ ɛɟɡɨɩɚɫɧɨɫɬɢ ɢ ɩɪɟɞɨɬɜɪɚɳɟɧɢɟ ɧɚɫɢɥɢɹ ɜ ɫɩɨɪɬɟ

Ʉɪɨɦɟ ɬɨɝɨ ɬɚɤɚɹ ɩɪɟɞɨɫɬɚɜɥɹɟɦɚɹ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɩɨɞɞɟɪɠɤɚ ɹɜɥɹɟɬɫɹ ɧɟɞɨɨɰɟɧɺɧɧɨɣ ɢɡ ɡɚ ɨɬɫɭɬɫɬɜɢɹ ɭɱɺɬɚ ɪɚɫɯɨɞɨɜɜɷɬɨɣɫɮɟɪɟɜɰɟɥɨɦɚɬɚɤɠɟɟɺɜɨɡɞɟɣɫɬɜɢɟɧɟɨɩɪɟɞɟɥɟɧɨ

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɤɨɧɤɪɟɬɧɨ ɤɚɤ ɢ ɩɨɥɨɠɢɬɟɥɶɧɵɟ ɩɨɫɥɟɞɫɬɜɢɹ ɩɪɟɞɨɫɬɚɜɥɟɧɢɹ ɬɚɤɨɣ ɩɨɞɞɟɪɠɤɢ ɞɥɹ ɫɚɦɢɯ ɨɪɝɚɧɨɜ ɜɥɚɫɬɢ

Ɉɫɧɨɜɧɵɦ ɚɪɝɭɦɟɧɬɨɦ ɜ ɩɨɥɶɡɭ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ Ɏɪɚɧɰɢɢ ɹɜɥɹɟɬɫɹɭɬɜɟɪɠɞɟɧɢɟɨɬɨɦɱɬɨɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɣɫɩɨɪɬɫɩɨɫɨɛɫɬɜɭɟɬ ɭɥɭɱɲɟɧɢɸ ɢɦɢɞɠɚ ɦɭɧɢɰɢɩɚɥɶɧɨɝɨ ɨɛɪɚɡɨɜɚɧɢɹ

ɉɨ ɦɧɟɧɢɸ ɚɜɬɨɪɨɜ ɪɚɫɫɦɚɬɪɢɜɚɟɦɨɝɨ Ⱦɨɤɥɚɞɚ ɪɟɮɨɪɦɢɪɨɜɚɧɢɟ ɨɬɧɨɲɟɧɢɣ ɨɪɝɚɧɨɜ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ Ɏɪɚɧɰɢɢ ɫ ɫɭɛɴɟɤɬɚɦɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɞɨɥɠɧɨ ɨɫɧɨɜɵɜɚɬɶɫɹ ɧɚ ɩɪɢɧɰɢɩɚɯ ɷɮɮɟɤɬɢɜɧɨɫɬɢ ɞɟɣɫɬɜɟɧɧɨɫɬɢ ɷɤɨɧɨɦɢɱɧɨɫɬɢ ɢ ɩɪɟɞɜɚɪɢɬɟɥɶɧɨɣ ɨɰɟɧɤɢ ɚ ɜɫɟ ɤɪɭɩɧɵɟ ɢɧɢɰɢɚɬɢɜɵ ɨɪɝɚɧɨɜ ɜɥɚɫɬɢ ɜ ɞɚɧɧɨɣ ɫɮɟɪɟ ɞɨɥɠɧɵ ɩɨɞɥɟɠɚɬɶ ɩɪɟɞɜɚɪɢɬɟɥɶɧɨɦɭ ɨɛɫɭɠɞɟɧɢɸ ɫ ɧɚɫɟɥɟɧɢɟɦ

Ɉɞɧɢɦ ɢɡ ɨɫɧɨɜɧɵɯ ɚɪɝɭɦɟɧɬɨɜ ɜ ɩɨɥɶɡɭ ɢɡɦɟɧɟɧɢɹ ɫɭɳɟɫɬɜɭɸɳɟɣ

ɜɨ Ɏɪɚɧɰɢɢ ɦɨɞɟɥɢ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɹɜɥɹɟɬɫɹ ɬɚɤɠɟ ɬɨ ɱɬɨ ɩɟɪɟɞɚɱɚ ɢɫɩɨɥɶɡɭɟɦɨɣ ɫɩɨɪɬɢɜɧɨɣ ɢɧɮɪɚɫɬɪɭɤɬɭɪɵ ɫɩɨɪɬɢɜɧɵɦ ɤɥɭɛɚɦ ɤɨɬɨɪɵɟ ɩɨɥɭɱɚɬ ɜɨɡɦɨɠɧɨɫɬɶ ɨɫɭɳɟɫɬɜɥɹɬɶ ɭɩɪɚɜɥɟɧɢɟ ɬɚɤɨɣ ɢɧɮɪɚɫɬɪɭɤɬɭɪɨɣ ɢ ɟɺ ɷɤɫɩɥɭɚɬɚɰɢɸ ɫɚɦɨɫɬɨɹɬɟɥɶɧɨ ɫɦɨɠɟɬɫɩɨɫɨɛɫɬɜɨɜɚɬɶɪɚɫɲɢɪɟɧɢɸɢɯɷɤɨɧɨɦɢɱɟɫɤɢɯɜɨɡɦɨɠɧɨɫɬɟɣɬɚɤ ɤɚɤ ɤɨɝɞɚ ɜɫɟ ɩɪɚɜɚ ɧɚ ɫɩɨɪɬɢɜɧɵɣ ɨɛɴɟɤɬ ɩɪɢɧɚɞɥɟɠɚɬ ɨɞɧɨɦɭ ɫɭɛɴɟɤɬɭ ɨɩɬɢɦɢɡɚɰɢɹ ɞɟɹɬɟɥɶɧɨɫɬɢ ɫɬɚɧɨɜɢɬɫɹ ɛɨɥɟɟ ɩɪɨɫɬɨɣ ɢ ɩɨɹɜɥɹɟɬɫɹ ɜɨɡɦɨɠɧɨɫɬɶ ɞɢɜɟɪɫɢɮɢɰɢɪɨɜɚɬɶ ɪɚɫɯɨɞɵ ɛɨɥɟɟ ɫɜɨɛɨɞɧɨ ɗɬɨ ɩɨɡɜɨɥɹɟɬ ɫɩɨɪɬɢɜɧɨɦɭ ɤɥɭɛɭ ɫɧɢɠɚɬɶ ɫɜɨɸ ɡɚɜɢɫɢɦɨɫɬɶ ɨɬ ɜɨɥɚɬɢɥɶɧɵɯ ɪɟɫɭɪɫɨɜ ɚ ɬɚɤɠɟ ɭɜɟɥɢɱɢɜɚɬɶ ɫɜɨɢ ɨɫɧɨɜɧɵɟ ɦɚɬɟɪɢɚɥɶɧɵɟ ɚɤɬɢɜɵ

ɋɨɨɬɜɟɬɫɬɜɟɧɧɨ ɩɨ ɦɧɟɧɢɸ ɚɜɬɨɪɨɜ ɪɚɫɫɦɚɬɪɢɜɚɟɦɨɝɨ Ⱦɨɤɥɚɞɚ ɦɟɫɬɧɵɟ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜ ɫɜɨɟɣ ɞɚɥɶɧɟɣɲɟɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɞɨɥɠɧɵ ɩɪɢɧɹɬɶ ɢ ɭɱɟɫɬɶ ɜɫɟ ɩɨɫɥɟɞɫɬɜɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɢɡɚɰɢɢ ɫɮɟɪɵ ɫɩɨɪɬɚ

ȼɨ Ɏɪɚɧɰɢɢ ɜ ɧɚɫɬɨɹɳɟɟ ɜɪɟɦɹ ɦɧɨɝɢɟ ɫɩɨɪɬɢɜɧɵɟ ɤɥɭɛɵ ɢɡɦɟɧɢɥɢ

ɧɚɩɪɚɜɥɟɧɢɹ ɫɜɨɟɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɚ ɬɚɤɠɟ ɫɟɪɶɺɡɧɨ ɢɡɦɟɧɢɥɢɫɶ ɢɫɬɨɱɧɢɤɢ

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3 ±

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɩɨɥɭɱɚɟɦɵɯ ɢɦɢ ɞɨɯɨɞɨɜ Ɍɚɤɢɟ ɤɥɭɛɵ ɜɫɺ ɛɨɥɟɟ ɱɚɫɬɨ ɪɚɫɫɦɚɬɪɢɜɚɸɬ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɣ ɫɩɨɪɬ ɢɦɟɧɧɨ ɤɚɤ ɷɤɨɧɨɦɢɱɟɫɤɭɸ ɞɟɹɬɟɥɶɧɨɫɬɶ ɢ ɢɦɟɸɬ ɫɟɪɶɺɡɧɵɟ ɬɟɧɞɟɧɰɢɢ ɤ ɭɜɟɥɢɱɟɧɢɸ ɭɪɨɜɧɹ ɞɨɯɨɞɨɜ ɩɨɥɭɱɚɟɦɵɯ ɨɬ ɪɟɚɥɢɡɚɰɢɢ ɩɪɚɜ ɧɚ ɬɪɚɧɫɥɹɰɢɸ ɫɩɨɪɬɢɜɧɵɯ ɦɟɪɨɩɪɢɹɬɢɣ ɚ ɬɚɤɠɟ ɤ ɩɨɜɵɲɟɧɢɸ ɭɪɨɜɧɹ ɩɪɟɞɥɚɝɚɟɦɨɣ ɡɚɪɚɛɨɬɧɨɣ ɩɥɚɬɵ ɞɥɹ ɫɩɨɪɬɫɦɟɧɨɜ ɫ ɰɟɥɶɸ ɩɪɢɜɥɟɱɟɧɢɹ ɥɭɱɲɢɯ ɢɝɪɨɤɨɜ ɋɨɨɬɜɟɬɫɬɜɟɧɧɨ ɜ ɬɚɤɨɣ ɫɢɬɭɚɰɢɢ ɫɩɨɪɬɢɜɧɵɟ ɤɥɭɛɵ ɛɟɡɭɫɥɨɜɧɨ ɫɬɪɟɦɹɬɫɹ ɢɦɟɬɶ ɧɨɜɟɣɲɢɟ ɫɩɨɪɬɢɜɧɵɟ ɨɛɴɟɤɬɵ ɤɨɬɨɪɵɟ ɩɨɡɜɨɥɹɬ ɢɦ ɩɨɥɭɱɚɬɶ ɟɳɺ ɛɨɥɟɟ ɜɵɫɨɤɢɟ ɞɨɯɨɞɵ Ɍɚɤɢɦ ɨɛɪɚɡɨɦ ɜɫɺ ɛɨɥɟɟ ɡɚɞɟɣɫɬɜɭɹ ɪɚɡɜɥɟɤɚɬɟɥɶɧɵɣ ɚɫɩɟɤɬ ɫɩɨɪɬɚ ɢ ɢɧɬɟɝɪɢɪɭɹɫɶ ɜ ɪɵɧɨɱɧɵɟ ɨɬɧɨɲɟɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɣ ɫɩɨɪɬ ɛɨɥɟɟ ɧɢɤɚɤ ɧɟ ɦɨɠɟɬ ɫɱɢɬɚɬɶɫɹ ɨɛɵɱɧɨɣ ɫɮɟɪɨɣ ɤɨɦɩɟɬɟɧɰɢɢ ɦɟɫɬɧɵɯ ɨɪɝɚɧɨɜ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ

ɉɨɥɨɠɢɬɶ ɤɨɧɟɰ ɬɚɤɨɣ ɫɥɨɠɢɜɲɟɣɫɹ ɭɩɪɟɱɧɨɣ ɫɢɬɭɚɰɢɢ ɩɪɟɞɥɚɝɚɟɬɫɹ ɢ ɩɪɟɞɩɨɥɚɝɚɟɬɫɹ ɩɨɫɪɟɞɫɬɜɨɦ ɫɨɡɞɚɧɢɹ ɢ ɜɧɟɞɪɟɧɢɹ ɧɨɜɨɣ ɦɨɞɟɥɢ ɨɫɧɨɜɚɧɧɨɣ ɧɚ ɩɨɞɥɢɧɧɨɣ ɤɭɥɶɬɭɪɟ ɫɩɨɪɬɚ ɩɪɟɞɩɨɥɚɝɚɸɳɟɣ ɩɟɪɟɫɦɨɬɪ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɫɜɨɟɣ ɪɨɥɢ ɜ ɩɨɞɞɟɪɠɤɟ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ

Ⱦɚɧɧɚɹ ɧɨɜɚɹ ɦɨɞɟɥɶ ɛɭɞɟɬ ɨɫɧɨɜɵɜɚɬɶɫɹ ɧɚ ɫɥɟɞɭɸɳɢɯ ɤɥɸɱɟɜɵɯ

ɩɪɢɧɰɢɩɚɯ

± ɧɟɨɛɯɨɞɢɦɨɫɬɶ ɪɚɡɜɢɬɢɹ ɤɭɥɶɬɭɪɵ ɫɩɨɪɬɚ ± ɢɫɩɨɥɶɡɨɜɚɧɢɟ ɩɨɬɟɧɰɢɚɥɚ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɞɥɹ

ɨɛɟɫɩɟɱɟɧɢɹ ɞɢɧɚɦɢɤɢ ɦɟɫɬɧɨɝɨ ɷɤɨɧɨɦɢɱɟɫɤɨɝɨ ɪɚɡɜɢɬɢɹ ± ɧɟɢɡɛɟɠɧɨɟ ɩɪɟɤɪɚɳɟɧɢɟ ɮɢɧɚɧɫɢɪɨɜɚɧɢɟ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ

ɫɩɨɪɬɚ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ± ɨɛɟɫɩɟɱɟɧɢɟ ɫɭɳɟɫɬɜɟɧɧɨɝɨ ɜɨɡɪɚɫɬɚɧɢɹ ɭɪɨɜɧɹ ɱɚɫɬɧɨɝɨ

ɢɧɜɟɫɬɢɪɨɜɚɧɢɹ ɜ ɫɮɟɪɭ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ

± ɜɨɡɥɨɠɟɧɢɟ ɧɚ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɣ ɫɩɨɪɬ ɢ ɢɫɩɨɥɧɟɧɢɟ ɢɦ ɜɚɠɧɨɣ ɨɛɹɡɚɧɧɨɫɬɢ ɩɨɢɫɤɚ ɫɩɨɫɨɛɨɜ ɨɫɬɚɜɚɬɶɫɹ ɩɨɩɭɥɹɪɧɵɦ

ɉɪɟɞɩɨɥɚɝɚɟɬɫɹ ɢɫɩɨɥɶɡɨɜɚɬɶ ɩɨɬɟɧɰɢɚɥ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɤɥɭɛɨɜ ɩɨɫɤɨɥɶɤɭ ɮɚɤɬ ɛɚɡɢɪɨɜɚɧɢɹ ɬɚɤɨɝɨ ɤɥɭɛɚ ɜ ɫɨɨɬɜɟɬɫɬɜɭɸɳɟɦ ɧɚɫɟɥɺɧɧɨɦ ɩɭɧɤɬɟ ɹɜɥɹɟɬɫɹ ɜɚɠɧɵɦ ɮɚɤɬɨɪɨɦ ɩɪɢɜɥɟɱɟɧɢɹ ɜ ɧɟɝɨ ɢɧɨɫɬɪɚɧɧɵɯ ɢɧɜɟɫɬɨɪɨɜ ɚ ɬɚɤɠɟ ɢɫɬɨɱɧɢɤɨɦ ɞɨɯɨɞɚ

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɞɥɹɧɚɫɟɥɺɧɧɨɝɨɩɭɧɤɬɚɜɫɜɹɡɢɫɩɪɢɜɥɟɱɟɧɢɟɦɜɧɟɝɨɩɨɬɨɤɚɡɪɢɬɟɥɟɣ ɫɩɨɪɬɢɜɧɵɯ ɦɟɪɨɩɪɢɹɬɢɣ

ɉɪɨɛɥɟɦɚ ɫɜɹɡɚɧɧɚɹ ɫ ɧɟɨɛɯɨɞɢɦɨɫɬɶɸ ɛɨɥɟɟ ɱɺɬɤɨɝɨ ɭɩɨɪɹɞɨɱɟɧɢɹ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɫɟɝɨɞɧɹ ɢɦɟɟɬ ɦɟɫɬɨ ɜ ɰɟɥɨɦ ɪɹɞɟ ɡɚɪɭɛɟɠɧɵɯ ɝɨɫɭɞɚɪɫɬɜ ɫɩɢɫɨɤ ɤɨɬɨɪɵɯ ɞɚɥɟɤɨ ɧɟ ɢɫɱɟɪɩɵɜɚɟɬɫɹ Ɏɪɚɧɰɢɟɣ ɢ ɋɒȺ ɨɩɵɬ ɤɨɬɨɪɵɯ ɛɵɥ ɩɨɤɚɡɚɧ ɜɵɲɟ Ɉɞɧɚɤɨ ɩɭɬɢ ɪɟɲɟɧɢɹ ɬɚɤɨɣ ɩɪɨɛɥɟɦɵ ɩɪɟɞɩɨɥɚɝɚɸɬɫɹ ɪɚɡɥɢɱɧɵɟ ȼ ɬɨ ɜɪɟɦɹ ɤɚɤ ɜ ɋɒȺ ɩɪɟɞɥɚɝɚɟɬɫɹ ɭɠɟɫɬɨɱɟɧɢɟ ɧɚɥɨɝɨɜɨɝɨ ɢ ɢɧɨɝɨ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɚ ɫ ɰɟɥɶɸ ɧɟɞɨɩɭɳɟɧɢɹ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɢɧɮɪɚɫɬɪɭɤɬɭɪɵɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨɫɩɨɪɬɚɤɚɤɢɦ ɥɢɛɨɨɛɪɚɡɨɦɚɬɚɤɠɟ ɩɪɟɡɸɦɢɪɭɟɬɫɹ ɧɟɰɟɥɟɫɨɨɛɪɚɡɧɨɫɬɶ ɬɚɤɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɜɨ Ɏɪɚɧɰɢɢ ɩɪɟɞɩɨɥɚɝɚɟɬɫɹ ɢɫɩɨɥɶɡɨɜɚɧɢɟ ɷɤɨɧɨɦɢɱɟɫɤɨɝɨ ɩɨɬɟɧɰɢɚɥɚ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɜ ɩɭɛɥɢɱɧɵɯ ɜ ɬɨɦ ɱɢɫɥɟ ɫɨɰɢɚɥɶɧɵɯ ɰɟɥɹɯ ɚ ɬɚɤɠɟ ɪɟɚɥɢɡɚɰɢɹ ɫɯɟɦ ɩɨɡɜɨɥɹɸɳɢɯ ɪɚɡɜɢɜɚɬɶ ɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɣ ɫɩɨɪɬ ɬɚɤɠɟ

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɉɪɚɜɨɜɵɟ ɜɨɡɦɨɠɧɨɫɬɢ ɦɨɬɢɜɵ ɭɫɥɨɜɢɹ ɢ ɩɪɟɞɟɥɵ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɝɨɫɭɞɚɪɫɬɜɨɦ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ

(ɉɨɧɤɢɧ ɂ.ȼ., Ɋɟɞɶɤɢɧɚ Ⱥ.ɂ.)

ȼɨɩɪɨɫ ɨ ɦɟɪɟ ɞɨɥɠɟɧɫɬɜɨɜɚɧɢɹ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɝɨɫɭɞɚɪɫɬɜɨɦ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɢ ɩɪɟɞɟɥɨɜ ɬɚɤɨɝɨ ɮɢɧɚɧɫɨɜɨɝɨ ɭɱɚɫɬɢɹ ɝɨɫɭɞɚɪɫɬɜɚ ɹɜɥɹɟɬɫɹ ɨɞɧɢɦ ɢɡ ɫɥɨɠɧɵɯ ɜ ɧɚɭɤɟ ɫɩɨɪɬɢɜɧɨɝɨ ɩɪɚɜɚ

ɋɨɝɥɚɫɧɨ ɱɚɫɬɢ ɫɬɚɬɶɢ Ɏɟɞɟɪɚɥɶɧɨɝɨ ɡɚɤɨɧɚ ɨɬ ʋ ɎɁ ɪɟɞ ɨɬ ©Ɉ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɟ ɢ ɫɩɨɪɬɟ ɜ ɊɨɫɫɢɣɫɤɨɣɎɟɞɟɪɚɰɢɢª ɜɜɟɞɟɧɚɎɟɞɟɪɚɥɶɧɵɦɡɚɤɨɧɨɦɨɬ ʋ ɎɁ ©ɜ ɫɥɭɱɚɟ ɩɪɟɞɨɫɬɚɜɥɟɧɢɹ ɜ ɫɨɨɬɜɟɬɫɬɜɢɢ ɫ ɛɸɞɠɟɬɧɵɦ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɨɦ Ɋɨɫɫɢɣɫɤɨɣ Ɏɟɞɟɪɚɰɢɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɦ ɫɩɨɪɬɢɜɧɵɦ ɤɥɭɛɚɦ ɛɸɞɠɟɬɧɵɯ ɚɫɫɢɝɧɨɜɚɧɢɣ ɜ ɮɨɪɦɟ ɫɭɛɫɢɞɢɣ ɬɚɤɢɟ ɫɭɛɫɢɞɢɢ ɧɟ ɦɨɝɭɬ ɪɚɫɯɨɞɨɜɚɬɶɫɹ ɧɚ ɨɩɥɚɬɭ ɭɫɥɭɝ ɫɩɨɪɬɢɜɧɵɯ ɚɝɟɧɬɨɜ ɩɪɟɞɨɫɬɚɜɥɟɧɢɟ ɤɨɦɩɟɧɫɚɰɢɣ ɢɥɢ ɚɧɚɥɨɝɢɱɧɵɯ ɜɵɩɥɚɬ ɜ ɫɜɹɡɢ ɫ ɞɨɫɪɨɱɧɵɦ ɩɪɟɤɪɚɳɟɧɢɟɦ ɬɪɭɞɨɜɵɯ ɞɨɝɨɜɨɪɨɜ ɫ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɦɢ ɫɩɨɪɬɫɦɟɧɚɦɢ ɢ ɬɪɟɧɟɪɚɦɢ ɨɫɭɳɟɫɬɜɥɹɸɳɢɦɢ ɞɟɹɬɟɥɶɧɨɫɬɶ ɜ ɨɛɥɚɫɬɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɚ ɬɚɤɠɟ ɧɚ ɜɵɩɥɚɬɵ ɞɪɭɝɢɦ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɦ ɫɩɨɪɬɢɜɧɵɦ ɤɥɭɛɚɦ ɫɜɹɡɚɧɧɵɟ ɫ ɩɟɪɟɯɨɞɨɦ ɫɩɨɪɬɫɦɟɧɨɜ ɉɪɢ ɩɪɢɧɹɬɢɢ ɪɟɲɟɧɢɹ ɨ ɩɪɟɞɨɫɬɚɜɥɟɧɢɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɦɭ ɫɩɨɪɬɢɜɧɨɦɭ ɤɥɭɛɭ ɛɸɞɠɟɬɧɵɯ ɚɫɫɢɝɧɨɜɚɧɢɣ ɜ ɮɨɪɦɟ ɫɭɛɫɢɞɢɣ ɞɨɥɠɧɵ ɛɵɬɶ ɨɩɪɟɞɟɥɟɧɵ ɭɫɥɨɜɢɹ ɢ ɩɨɪɹɞɨɤ ɢɯ ɪɚɫɯɨɞɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɦ ɫɩɨɪɬɢɜɧɵɦ ɤɥɭɛɨɦ ɧɚ ɰɟɥɢ ɨɩɥɚɬɵ ɬɪɭɞɚ ɫɩɨɪɬɫɦɟɧɨɜ ɬɪɟɧɟɪɨɜ ɢɧɵɯ ɫɩɟɰɢɚɥɢɫɬɨɜ ɨɩɪɟɞɟɥɺɧɧɵɯ ɜ ɫɨɨɬɜɟɬɫɬɜɢɢ ɫ ɩɭɧɤɬɨɦ ɫɬɚɬɶɢ ɫɨ ɫɬɚɬɶɺɣ ɢ ɱɚɫɬɶɸ ɫɬɚɬɶɢ ɧɚɫɬɨɹɳɟɝɨ Ɏɟɞɟɪɚɥɶɧɨɝɨ ɡɚɤɨɧɚª

ɋɭɳɟɫɬɜɟɧɧɵɣ ɢɧɬɟɪɟɫ ɩɪɟɞɫɬɚɜɥɹɟɬ ɬɚɤɠɟ ɡɚɪɭɛɟɠɧɵɣ ɨɩɵɬ ɩɨ ɪɚɫɫɦɚɬɪɢɜɚɟɦɨɦɭ ɤɪɭɝɭ ɜɨɩɪɨɫɨɜ

ȼ ɰɟɥɨɦ ɜ ɡɚɪɭɛɟɠɧɵɯ ɝɨɫɭɞɚɪɫɬɜɚɯ ɪɟɚɥɢɡɭɟɬɫɹ ɧɟɫɤɨɥɶɤɨ ɨɫɧɨɜɧɵɯ ɩɨɞɯɨɞɨɜ ɤ ɮɢɧɚɧɫɢɪɨɜɚɧɢɸ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ Ɂɚɤɨɧɨɞɚɬɟɥɶɫɬɜɨ ɨ ɫɩɨɪɬɟ ɰɟɥɨɝɨ ɪɹɞɚ ɡɚɪɭɛɟɠɧɵɯ ɝɨɫɭɞɚɪɫɬɜ ɫɨɞɟɪɠɢɬ ɨɬɞɟɥɶɧɵɟ ɩɪɹɦɵɟ ɝɚɪɚɧɬɢɢ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ȼ ɞɪɭɝɢɯ ɝɨɫɭɞɚɪɫɬɜɚɯ ɬɚɤɢɟ ɝɚɪɚɧɬɢɢ ɡɚɤɪɟɩɥɟɧɵ ɨɩɨɫɪɟɞɨɜɚɧɧɨ ɢ ɤɨɫɜɟɧɧɨ

ɇɢɠɟ ɛɭɞɭɬ ɪɚɫɫɦɨɬɪɟɧɵ ɨɫɧɨɜɧɵɟ ɩɨɞɯɨɞɵ ɤ ɮɢɧɚɧɫɨɜɨɦɭ ɭɱɚɫɬɢɸ ɝɨɫɭɞɚɪɫɬɜɚ ɜ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɣ ɫɩɨɪɬɢɜɧɨɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɨɩɪɟɞɟɥɺɧɧɵɟ ɧɚ ɡɚɤɨɧɨɞɚɬɟɥɶɧɨɦ ɭɪɨɜɧɟ ɩɨɞɯɨɞɵ ɜ ɡɚɤɪɟɩɥɟɧɢɢ

Ɏɟɞɟɪɚɥɶɧɵɣ ɡɚɤɨɧ ɨɬ ʋ ɎɁ ©Ɉ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɟ ɢ ɫɩɨɪɬɟ ɜ Ɋɨɫɫɢɣɫɤɨɣ Ɏɟɞɟɪɚɰɢɢª ɋɨɛɪɚɧɢɟ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɚ Ɋɨɫɫɢɣɫɤɨɣ Ɏɟɞɟɪɚɰɢɢ ± ± ʋ ± ɋɬ ȼ ɪɟɞ ɨɬ ± ɋɉɋ ©Ƚɚɪɚɧɬª

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɝɚɪɚɧɬɢɣ ɭɫɥɨɜɢɣ ɢ ɨɝɪɚɧɢɱɟɧɢɣ ɩɪɟɞɦɟɬɧɵɯ ɢ ɰɟɥɟɜɵɯ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɝɨɫɭɞɚɪɫɬɜɨɦ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ

Ɉɫɧɨɜɧɵɟ ɩɨɞɯɨɞɵ ɤ ɮɢɧɚɧɫɨɜɨɦɭ ɭɱɚɫɬɢɸ ɝɨɫɭɞɚɪɫɬɜɚ ɜ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɣ ɫɩɨɪɬɢɜɧɨɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɨɩɪɟɞɟɥɺɧɧɵɟ ɧɚ ɡɚɤɨɧɨɞɚɬɟɥɶɧɨɦ ɭɪɨɜɧɟ ɡɚɪɭɛɟɠɧɵɣ ɨɩɵɬ

Ɉɬɫɭɬɫɬɜɢɟ ɩɪɹɦɨɝɨ ɡɚɩɪɟɬɚ ɧɚ ɮɢɧɚɧɫɢɪɨɜɚɧɢɟ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɩɪɢ ɡɚɤɪɟɩɥɟɧɢɢ ɨɛɳɢɯ ɝɚɪɚɧɬɢɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɫɩɨɪɬɚ ɜ ɰɟɥɨɦ

ɇɚɢɛɨɥɟɟ ɱɚɫɬɨ ɜɫɬɪɟɱɚɸɳɢɦɫɹ ɩɪɢɦɟɪɨɦ ɭɫɬɚɧɨɜɥɟɧɢɹ ɩɪɚɜɨɜɵɯ ɜɨɡɦɨɠɧɨɫɬɟɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɝɨɫɭɞɚɪɫɬɜɨɦ ɹɜɥɹɸɬɫɹ ɧɨɪɦɵ ɨɛɳɟɝɨ ɫɨɞɟɪɠɚɧɢɹ ɩɪɟɞɭɫɦɚɬɪɢɜɚɸɳɢɟ ɧɟɨɛɯɨɞɢɦɨɫɬɶ ɩɨɞɞɟɪɠɤɢ ɜɫɟɝɨ ɫɩɨɪɬɚ ɜ ɰɟɥɨɦ ɢ ɩɪɢ ɷɬɨɦ ɧɟ ɭɫɬɚɧɚɜɥɢɜɚɸɳɢɟɤɨɧɤɪɟɬɧɵɯɨɝɪɚɧɢɱɟɧɢɣɧɚɮɢɧɚɧɫɢɪɨɜɚɧɢɟɤɨɧɤɪɟɬɧɨ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ

Ɍɚɤ ɫɨɝɥɚɫɧɨ ɫɬɚɬɶɟɎɟɞɟɪɚɥɶɧɨɝɨ ɡɚɤɨɧɚ Ʉɚɧɚɞɵ ɨɬ ɪɟɞ ɨɬ ɝɨɞɚ ©Ɉ ɮɢɡɤɭɥɶɬɭɪɧɨɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɢ ɫɩɨɪɬɟª ɝɨɫɭɞɚɪɫɬɜɨ ɮɟɞɟɪɚɥɶɧɵɟ ɜɥɚɫɬɢ ɜ ɥɢɰɟ ɭɩɨɥɧɨɦɨɱɟɧɧɨɝɨ ɦɢɧɢɫɬɪɚ ɜɩɪɚɜɟ ɩɪɢɧɢɦɚɬɶ ɢɥɢ ɩɨɞɞɟɪɠɢɜɚɬɶ ɥɸɛɵɟ ɩɪɨɟɤɬɵ ɢɥɢ ɩɪɨɝɪɚɦɦɵ ɫɜɹɡɚɧɧɵɟ ɫ ɮɢɡɤɭɥɶɬɭɪɧɨɣ ɞɟɹɬɟɥɶɧɨɫɬɶɸ ɢ ɫɩɨɪɬɨɦ ɩɭɧɤɬ ©Jª ɫɬɚɬɶɢ ɨɤɚɡɵɜɚɬɶ ɩɨɦɨɳɶ ɜ ɩɪɨɞɜɢɠɟɧɢɢ ɢ ɪɚɡɜɢɬɢɢ ɭɱɚɫɬɢɹ ɤɚɧɚɞɰɟɜ ɜ ɦɟɠɞɭɧɚɪɨɞɧɵɯ ɢ ɧɚɰɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɦɟɪɨɩɪɢɹɬɢɹɯ ɩɭɧɤɬ ©Kª ɫɬɚɬɶɢ ɩɪɟɞɨɫɬɚɜɥɹɬɶɮɢɡɢɱɟɫɤɢɦɥɢɰɚɦɫɬɢɩɟɧɞɢɢɢɝɪɚɧɬɵɜ ɰɟɥɹɯ ɫɨɞɟɣɫɬɜɢɹ ɜ ɞɨɫɬɢɠɟɧɢɢ ɫɩɨɪɬɢɜɧɨɝɨ ɦɚɫɬɟɪɫɬɜɚ ɩɭɧɤɬ ©Mª ɫɬɚɬɶɢ ɩɨɨɳɪɹɬɶ ɪɚɡɜɢɬɢɟ ɫɩɨɪɬɚ ɤɚɤ ɫɪɟɞɫɬɜɚ ɥɢɱɧɨɫɬɧɨɝɨ ɢ ɫɨɰɢɚɥɶɧɨɝɨ ɪɚɡɜɢɬɢɹɜɄɚɧɚɞɟɢɜɫɨɬɪɭɞɧɢɱɟɫɬɜɟɫɞɪɭɝɢɦɢɫɬɪɚɧɚɦɢɡɚɪɭɛɟɠɨɦ ɩɭɧɤɬ ©Nª ɫɬɚɬɶɢ

ɉɭɧɤɬ 9, ɫɬɚɬɶɢɈɛɳɟɝɨ ɡɚɤɨɧɚ Ɇɟɤɫɢɤɢ ɨɬ ɪɟɞ ɨɬ©Ɉ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɟ ɢ ɫɩɨɪɬɟª ɨɬɧɨɫɢɬ ɤ ɱɢɫɥɭ ɨɫɧɨɜɧɵɯ ɩɪɢɧɰɢɩɨɜ ɨɫɭɳɟɫɬɜɥɟɧɢɹ ɢ ɪɚɡɜɢɬɢɹ ɩɪɚɜɚ ɧɚ ɫɩɨɪɬ ɩɪɢɧɰɢɩ ɩɪɢɡɧɚɧɢɹ ɡɧɚɱɟɧɢɹ ɚɞɟɤɜɚɬɧɨɣ ɫɩɨɪɬɢɜɧɨɣ ɢɧɮɪɚɫɬɪɭɤɬɭɪɵ ɢ ɮɨɪɦɢɪɨɜɚɧɢɹ ɷɮɮɟɤɬɢɜɧɨɣ ɢ ɭɫɬɨɣɱɢɜɨɣ ɫɢɫɬɟɦɵ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɢ ɭɩɪɚɜɥɟɧɢɹ ɫɩɨɪɬɨɦ ɜ ɰɟɥɹɯ ɪɚɡɪɚɛɨɬɤɢ ɩɨɥɢɬɢɤɢ ɢ ɩɪɨɝɪɚɦɦ ɫɩɨɫɨɛɫɬɜɭɸɳɢɯ ɞɨɫɬɢɠɟɧɢɸ ɨɛɳɟɣ ɰɟɥɢ ɨɛɟɫɩɟɱɟɧɢɹ ɜɨɡɦɨɠɧɨɫɬɟɣ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɵ ɢ ɫɩɨɪɬɚ ɞɥɹ ɜɫɟɯ

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Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɋɬɚɬɶɹ ɜɵɲɟɭɤɚɡɚɧɧɨɝɨ Ɉɛɳɟɝɨ ɡɚɤɨɧɚ Ɇɟɤɫɢɤɢ ɜ ɫɜɟɬɟ ɫɬɚɬɶɢ ɷɬɨɝɨ ɚɤɬɚ ɩɪɟɞɭɫɦɚɬɪɢɜɚɟɬ ɩɪɚɜɨɜɵɟ ɜɨɡɦɨɠɧɨɫɬɢ ɢ ɭɫɥɨɜɢɹ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɢ ɢɧɨɣ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɣ ɩɨɞɞɟɪɠɤɢ ɪɚɡɜɢɬɢɹ ɫɩɨɪɬɚ ɜ Ɇɟɤɫɢɤɟ Ⱥɪɬɢɤɭɥɢɪɨɜɚɧɧɵɯ ɡɚɩɪɟɬɨɜ ɧɚ ɩɨɞɞɟɪɠɤɭ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɭɤɚɡɚɧɧɵɣ Ɉɛɳɢɣ ɡɚɤɨɧ Ɇɟɤɫɢɤɢ ɧɟ ɫɨɞɟɪɠɢɬ

ɉɭɧɤɬ ɫɬɚɬɶɢ Ɂɚɤɨɧɚ ɉɨɥɶɲɢ ɨɬ ɫ ɩɨɫɥɟɞ ɢɡɦɟɧɟɧɢɹɦɢ ©Ɉ ɫɩɨɪɬɟª ɭɫɬɚɧɚɜɥɢɜɚɟɬ ɱɬɨ ©ɦɢɧɢɫɬɪ ɨɬɜɟɬɫɬɜɟɧɧɵɣ ɡɚ ɮɢɡɢɱɟɫɤɭɸ ɤɭɥɶɬɭɪɭ ɜɩɪɚɜɟ ɫɭɛɫɢɞɢɪɨɜɚɬɶ ɩɪɚɤɬɢɤɭ ɢɥɢ ɨɪɝɚɧɢɡɚɰɢɸ ɮɭɧɤɰɢɨɧɢɪɨɜɚɧɢɹ ɫɩɨɪɬɚ ɢ ɟɝɨ ɩɨɩɭɥɹɪɢɡɚɰɢɸª ɇɢɤɚɤɢɯ ɨɝɪɚɧɢɱɟɧɢɣ ɩɪɢɦɟɧɢɬɟɥɶɧɨ ɤ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɦɭ ɫɩɨɪɬɭ ɜ ɷɬɨɣ ɱɚɫɬɢ ɭɤɚɡɚɧɧɵɣ ɩɨɥɶɫɤɢɣ ɡɚɤɨɧ ɧɟ ɫɨɞɟɪɠɢɬ

ɉɭɧɤɬ ɫɬɚɬɶɢ Ɂɚɤɨɧɚ ɉɨɪɬɭɝɚɥɢɢ ɨɬ ʋ

ɪɟɞ ɨɬ ©Ɉɛ ɨɫɧɨɜɚɯ ɮɢɡɤɭɥɶɬɭɪɧɨɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɢ ɫɩɨɪɬɚª ɭɫɬɚɧɚɜɥɢɜɚɟɬ ɱɬɨ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɪɟɚɥɢɡɭɟɬɫɹ ɜ ɰɟɥɹɯ ɩɨɞɞɟɪɠɤɢ ɢ ɪɚɡɜɢɬɢɹ ɦɚɫɫɨɜɨɝɨ ɫɩɨɪɬɚ ɢ ɫɩɨɪɬɚ ɜɵɫɲɢɯ ɞɨɫɬɢɠɟɧɢɣ ɩɭɬɺɦ ɩɪɟɞɨɫɬɚɜɥɟɧɢɹ ɬɟɯɧɢɱɟɫɤɢɯ ɥɸɞɫɤɢɯ ɢ ɮɢɧɚɧɫɨɜɵɯ ɪɟɫɭɪɫɨɜ ɢ ɨɫɭɳɟɫɬɜɥɟɧɢɹ ɧɚɞɡɨɪɧɵɯ ɮɭɧɤɰɢɣ ɜ ɫɨɨɬɜɟɬɫɬɜɢɢ ɫ Ɂɚɤɨɧɨɦ

Ƚɥɚɜɚ Ɂɚɤɨɧɚ Ɏɢɧɥɹɧɞɢɢ ɨɬ ʋ ɪɟɞ ɨɬ ɝɨɞɚ ©Ɉ ɫɩɨɪɬɟª ɭɫɬɚɧɚɜɥɢɜɚɟɬ ɨɫɧɨɜɵ ɩɪɟɞɨɫɬɚɜɥɟɧɢɹ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɫɩɨɪɬɢɜɧɵɦ ɨɪɝɚɧɢɡɚɰɢɹɦ ɢ ɬɚɤɨɜɚɹ ɦɨɠɟɬ ɨɤɚɡɵɜɚɬɶɫɹ ɝɥɚɜɧɵɦ ɨɛɪɚɡɨɦ ɜ ɨɬɧɨɲɟɧɢɢ ɞɟɹɬɟɥɶɧɨɫɬɢ ɫɩɨɫɨɛɫɬɜɭɸɳɟɣ ɪɚɡɜɢɬɢɸ ɫɩɨɪɬɚ ɢ ɭɞɨɜɥɟɬɜɨɪɟɧɢɸ ɨɛɳɟɫɬɜɟɧɧɵɯ ɢɧɬɟɪɟɫɨɜ ɜ ɞɚɧɧɨɣ ɨɛɥɚɫɬɢ ȼ ɪɚɦɤɚɯ ɧɚɫɬɨɹɳɟɝɨ ɢɫɫɥɟɞɨɜɚɧɢɹ ɩɪɟɞɫɬɚɜɥɹɸɬ ɬɚɤɠɟ ɢɧɬɟɪɟɫ ɩɨɥɨɠɟɧɢɹ ɭɠɟ ɭɬɪɚɬɢɜɲɟɝɨ ɫɢɥɭ Ɂɚɤɨɧɚ

Ɏɢɧɥɹɧɞɢɢ ɨɬ ʋ ©Ɉ ɩɪɚɜɨɜɨɦ ɪɟɝɭɥɢɪɨɜɚɧɢɢ ɫɩɨɪɬɚª ɤɨɬɨɪɨɝɨ ɩɪɟɞɭɫɦɚɬɪɢɜɚɥ ɱɬɨ ɢɡ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɛɸɞɠɟɬɚ ɟɠɟɝɨɞɧɨ ɜɵɞɟɥɹɸɬɫɹ ɫɪɟɞɫɬɜɚ ɧɚ ɨɩɥɚɬɭ ɝɪɚɧɬɨɜ ɢ ɫɬɢɩɟɧɞɢɣ ɜ ɨɛɥɚɫɬɢ ɫɩɨɪɬɢɜɧɨɣ ɧɚɭɤɢ ɨɫɭɳɟɫɬɜɥɟɧɢɹ ɫɩɨɪɬɢɜɧɨɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɢɧɮɨɪɦɚɰɢɨɧɧɵɯ ɭɫɥɭɝ ɨɛɪɚɡɨɜɚɧɢɹ ɦɟɠɞɭɧɚɪɨɞɧɨɝɨ ɫɨɬɪɭɞɧɢɱɟɫɬɜɚ ɫɨɞɟɣɫɬɜɢɹ ɫɩɨɪɬɭ ɜɵɫɲɢɯ ɞɨɫɬɢɠɟɧɢɣ ɨɫɭɳɟɫɬɜɥɟɧɢɹ ɩɪɨɟɤɬɨɜ ɬɟɤɭɳɟɝɨ ɫɨɬɪɭɞɧɢɱɟɫɬɜɚ ɢ ɩɪɨɟɤɬɨɜ ɪɚɡɜɢɬɢɹ ɚ ɬɚɤɠɟ ɧɚ ɢɧɵɟ ɰɟɥɢ ɢ ɞɟɹɬɟɥɶɧɨɫɬɶ ɨɩɪɟɞɟɥɺɧɧɵɟ ɜ ɪɚɫɫɦɚɬɪɢɜɚɟɦɨɝɨ Ɂɚɤɨɧɚ Ɏɢɧɥɹɧɞɢɢ ɭɤɚɡɚɧɧɨɝɨ

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Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

Ɂɚɤɨɧɚ Ɏɢɧɥɹɧɞɢɢ ɫɨɨɬɜɟɬɫɬɜɟɧɧɨ ɭɫɬɚɧɚɜɥɢɜɚɥ ɱɬɨ ɰɟɥɶɸ ɞɚɧɧɨɝɨ ɧɨɪɦɚɬɢɜɧɨɝɨ ɩɪɚɜɨɜɨɝɨ ɚɤɬɚ ɹɜɥɹɟɬɫɹ ɫɨɞɟɣɫɬɜɢɟ ɮɢɡɢɱɟɫɤɨɣ ɚɤɬɢɜɧɨɫɬɢ ɫɨɫɬɹɡɚɬɟɥɶɧɨɦɭ ɫɩɨɪɬɭ ɢ ɫɩɨɪɬɭ ɜɵɫɲɢɯ ɞɨɫɬɢɠɟɧɢɣ ɚ ɬɚɤɠɟ ɫɜɹɡɚɧɧɵɦ ɫ ɧɢɦɢ ɜɢɞɚɦ ɞɟɹɬɟɥɶɧɨɫɬɢ ɫ ɬɟɦ ɱɬɨɛɵ ɫɩɨɫɨɛɫɬɜɨɜɚɬɶ ɛɥɚɝɨɩɨɥɭɱɢɸ ɧɚɫɟɥɟɧɢɹ ɢ ɨɯɪɚɧɟ ɡɞɨɪɨɜɶɹ ɩɨɞɞɟɪɠɤɟ ɞɟɬɟɣ ɪɨɫɬɚ ɢ ɪɚɡɜɢɬɢɹ ɦɨɥɨɞɵɯ ɥɸɞɟɣ ɛɥɚɝɨɞɚɪɹ ɮɢɡɢɱɟɫɤɨɣ ɚɤɬɢɜɧɨɫɬɢ ɭɤɚɡɚɧɧɨɝɨ ɭɬɪɚɬɢɜɲɟɝɨ ɫɢɥɭ Ɂɚɤɨɧɚ Ɏɢɧɥɹɧɞɢɢ ɭɫɬɚɧɚɜɥɢɜɚɥ ɩɪɚɜɨɜɵɟ ɜɨɡɦɨɠɧɨɫɬɢ ɢ ɭɫɥɨɜɢɹ ɜɵɞɟɥɟɧɢɹ ɢɡ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɛɸɞɠɟɬɚ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɧɚ ɫɬɪɨɢɬɟɥɶɫɬɜɨ ɩɪɢɨɛɪɟɬɟɧɢɟ ɪɟɤɨɧɫɬɪɭɤɰɢɸ ɢ ɨɫɧɚɳɟɧɢɟ ɫɩɨɪɬɢɜɧɵɯ ɨɛɴɟɤɬɨɜ ɭɤɚɡɚɧɧɨɝɨ ɭɬɪɚɬɢɜɲɟɝɨ ɫɢɥɭ Ɂɚɤɨɧɚ Ɏɢɧɥɹɧɞɢɢ ɭɫɬɚɧɚɜɥɢɜɚɥ ɩɪɚɜɨɜɵɟ ɜɨɡɦɨɠɧɨɫɬɢ ɢ ɭɫɥɨɜɢɹ ɜɵɞɟɥɟɧɢɹ ɢɡ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɛɸɞɠɟɬɚ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɧɚ ɩɪɨɜɟɞɟɧɢɟ ɧɚɰɢɨɧɚɥɶɧɵɯ ɢ ɪɟɝɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɦɟɪɨɩɪɢɹɬɢɣ ɉɨ ɜɫɟɦ ɷɬɢɦ ɩɨɡɢɰɢɹɦ ɜ ɪɚɫɫɦɚɬɪɢɜɚɟɦɨɦ ɚɤɬɟ ɢɫɤɥɸɱɟɧɢɣ ɞɥɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɧɟ ɛɵɥɨ ɫɞɟɥɚɧɨ

ɉɪɚɜɨɜɵɟ ɜɨɡɦɨɠɧɨɫɬɢ ɢ ɭɫɥɨɜɢɹ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɡɚɤɪɟɩɥɟɧɵ Ɂɚɤɨɧɨɦ ɑɢɥɢ ɨɬ ʋ ɪɟɞ ɨɬ ©Ɉ ɫɩɨɪɬɟª ɫɬɚɬɶɢ-. ɢ ɞɪ ɡɚɤɨɧɚɦɢ ɪɹɞɚ ɞɪɭɝɢɯ ɡɚɪɭɛɟɠɧɵɯ ɝɨɫɭɞɚɪɫɬɜ

ɇɟɩɨɫɪɟɞɫɬɜɟɧɧɨɟ ɡɚɤɪɟɩɥɟɧɢɟ ɜɨɡɦɨɠɧɨɫɬɢ ɢ ɢɥɢ ɧɟɨɛɯɨɞɢɦɨɫɬɢ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ

ȼ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɟ ɪɹɞɚ ɝɨɫɭɞɚɪɫɬɜ ɜɫɬɪɟɱɚɸɬɫɹ ɯɨɬɹ ɢ ɨɬɧɨɫɢɬɟɥɶɧɨ ɧɟɱɚɫɬɨ ɫɥɭɱɚɢ ɧɟɩɨɫɪɟɞɫɬɜɟɧɧɨɝɨ ɡɚɤɪɟɩɥɟɧɢɹ ɝɚɪɚɧɬɢɣ ɨɛɟɫɩɟɱɟɧɢɹ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɝɨɫɭɞɚɪɫɬɜɨɦ Ɉɞɧɚɤɨ ɫɥɟɞɭɟɬ ɨɬɦɟɬɢɬɶ ɱɬɨ ɬɚɤɢɟ ɝɚɪɚɧɬɢɢ ɩɪɟɞɫɬɚɜɥɹɸɬ ɫɨɛɨɣ ɡɚɱɚɫɬɭɸ ɩɪɨɫɬɨɟ ɭɩɨɦɢɧɚɧɢɟ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɫɪɟɞɢ ɜɨɡɦɨɠɧɵɯ ɧɚɩɪɚɜɥɟɧɢɣ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɣ ɛɸɞɠɟɬɧɨɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ

ɋɨɝɥɚɫɧɨ ɩɭɧɤɬɭ ©Pª ɫɬɚɬɶɢ Ɂɚɤɨɧɚ ɂɫɩɚɧɢɢ ɨɬ ʋ ɪɟɞ ɨɬ ©Ɉ ɫɩɨɪɬɟª ȼɵɫɲɢɣ ɫɨɜɟɬ ɂɫɩɚɧɢɢ ɩɨ ɫɩɨɪɬɭ ɭɬɜɟɪɠɞɚɟɬ ɦɧɨɝɨɥɟɬɧɢɟ ɪɚɫɯɨɞɵ ɢɫɩɚɧɫɤɢɯ ɫɩɨɪɬɢɜɧɵɯ ɮɟɞɟɪɚɰɢɣ ɜ ɫɥɭɱɚɹɯ ɩɪɟɞɭɫɦɨɬɪɟɧɧɵɯ ɪɟɝɥɚɦɟɧɬɚɦɢ ɨɩɪɟɞɟɥɹɟɬ ɫɭɞɶɛɭ ɱɢɫɬɵɯ ɚɤɬɢɜɨɜɫɩɨɪɬɢɜɧɵɯɮɟɞɟɪɚɰɢɣɩɪɢɢɯɥɢɤɜɢɞɚɰɢɢɤɨɧɬɪɨɥɢɪɭɟɬɪɚɫɯɨɞ ɩɪɟɞɨɫɬɚɜɥɹɟɦɵɯ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɯ ɫɭɛɜɟɧɰɢɣ ɚ ɬɚɤɠɟ ɭɬɜɟɪɠɞɚɟɬ ɨɛɪɟɦɟɧɟɧɢɟ ɢɥɢ ɨɬɱɭɠɞɟɧɢɟ ɧɟɞɜɢɠɢɦɨɝɨ ɢɦɭɳɟɫɬɜɚ ɫɩɨɪɬɢɜɧɵɯ

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Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɮɟɞɟɪɚɰɢɣ ɤɨɬɨɪɨɟ ɛɵɥɨ ɩɨɥɧɨɫɬɶɸ ɢɥɢ ɱɚɫɬɢɱɧɨ ɩɪɨɮɢɧɚɧɫɢɪɨɜɚɧɨ ɢɡ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɯ ɫɪɟɞɫɬɜ

ɋɭɳɟɫɬɜɟɧɧɵɣ ɢɧɬɟɪɟɫ ɩɪɟɞɫɬɚɜɥɹɸɬ ɩɪɢɧɹɬɵɟ ɂɫɩɚɧɢɟɣ ɦɟɪɵ ɩɨ ɨɛɟɫɩɟɱɟɧɢɸ ɭɥɭɱɲɟɧɢɹ ɷɤɨɧɨɦɢɱɟɫɤɨɝɨ ɩɨɥɨɠɟɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɮɭɬɛɨɥɶɧɵɯ ɤɥɭɛɨɜ

Ɍɚɤ ɩɹɬɧɚɞɰɚɬɨɟ ɞɨɩɨɥɧɢɬɟɥɶɧɨɟ ɩɨɥɨɠɟɧɢɟ ɤ ɧɚɡɜɚɧɧɨɦɭ Ɂɚɤɨɧɭ ɂɫɩɚɧɢɢ ɭɫɬɚɧɨɜɢɥɨ ɨɛɹɡɚɧɧɨɫɬɶ ȼɵɫɲɟɝɨ ɫɨɜɟɬɚ ɂɫɩɚɧɢɢ ɩɨ ɫɩɨɪɬɭ ɨɫɭɳɟɫɬɜɢɬɶ ɪɚɡɪɚɛɨɬɤɭ ɩɥɚɧɚ ɭɥɭɱɲɟɧɢɹ ɷɤɨɧɨɦɢɱɟɫɤɨɝɨ ɩɨɥɨɠɟɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɮɭɬɛɨɥɶɧɵɯ ɤɥɭɛɨɜ ɜɤɥɸɱɚɹ ɪɚɡɪɚɛɨɬɤɭ ɫɨɝɥɚɲɟɧɢɹ ɦɟɠɞɭ ɷɬɢɦ ɨɪɝɚɧɨɦ ɢ ɇɚɰɢɨɧɚɥɶɧɨɣ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɣ ɮɭɬɛɨɥɶɧɨɣ ɥɢɝɨɣ ɂɫɩɚɧɢɢ ɚ ɬɚɤɠɟ ɨɬɞɟɥɶɧɵɯ ɫɨɝɥɚɲɟɧɢɣ ɦɟɠɞɭ ɤɥɭɛɚɦɢ ɢ ɭɤɚɡɚɧɧɨɣ ɥɢɝɨɣ

ɋɨɝɥɚɫɧɨ ɱɚɫɬɢ ɬɪɟɬɶɟɝɨ ɩɟɪɟɯɨɞɧɨɝɨ ɩɨɥɨɠɟɧɢɹ Ɂɚɤɨɧɚ ɂɫɩɚɧɢɢ ©Ɉ ɫɩɨɪɬɟª ɦɟɪɵ ɩɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɸ ɭɥɭɱɲɟɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɩɪɟɞɭɫɦɨɬɪɟɧɧɵɟ ɜ ɞɚɧɧɨɦ ɧɨɪɦɚɬɢɜɧɨ ɩɪɚɜɨɜɨɦ ɚɤɬɟ ɢɡ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɯ ɫɪɟɞɫɬɜ ɢ ɢɧɵɯ ɫɪɟɞɫɬɜ ɨɬ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɯ ɨɪɝɚɧɢɡɚɰɢɣ ɨɩɪɟɞɟɥɹɸɬɫɹ ɩɨɞɩɢɫɚɧɢɟɦ ɋɨɝɥɚɲɟɧɢɹ

ɑɚɫɬɶ ɬɪɟɬɶɟɝɨ ɩɟɪɟɯɨɞɧɨɝɨ ɩɨɥɨɠɟɧɢɹ ɭɤɚɡɚɧɧɨɝɨ ɢɫɩɚɧɫɤɨɝɨ ɚɤɬɚ ɭɫɬɚɧɚɜɥɢɜɚɟɬ ɱɬɨ ɧɚ ɩɪɨɬɹɠɟɧɢɢ ɜɫɟɝɨ ɫɪɨɤɚ ɞɟɣɫɬɜɢɹ ɭɤɚɡɚɧɧɨɝɨ ɫɨɝɥɚɲɟɧɢɹ ɢ ɞɨ ɩɨɥɧɨɝɨ ɩɨɝɚɲɟɧɢɹ ɡɚɞɨɥɠɟɧɧɨɫɬɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɣ ɥɢɝɟ ɩɟɪɟɞɚɸɬɫɹ ɫɥɟɞɭɸɳɢɟ ɷɤɨɧɨɦɢɱɟɫɤɢɟ ɩɪɚɜɚ

± ɫɜɹɡɚɧɧɵɟ ɤɚɤɢɦ ɥɢɛɨ ɨɛɪɚɡɨɦ ɫ ɨɫɭɳɟɫɬɜɥɟɧɢɟɦ ɬɟɥɟɜɢɡɢɨɧɧɵɯ ɪɟɬɪɚɧɫɥɹɰɢɣ ɨɪɝɚɧɢɡɭɟɦɵɯ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɣ ɫɩɨɪɬɢɜɧɨɣ ɥɢɝɨɣ ɫɩɨɪɬɢɜɧɵɯ ɫɨɪɟɜɧɨɜɚɧɢɣ

± ɫɜɹɡɚɧɧɵɟ ɫɨ ɫɩɨɧɫɨɪɫɤɢɦ ɨɛɟɫɩɟɱɟɧɢɟɦ ɬɚɤɢɯ ɦɟɪɨɩɪɢɹɬɢɣ ± ɨɞɢɧ ɩɪɨɰɟɧɬ ɜɫɟɣ ɜɵɪɭɱɤɢ ɨɬ ɫɨɨɬɜɟɬɫɬɜɭɸɳɢɯ ɡɚɤɨɧɧɵɯ

ɫɩɨɪɬɢɜɧɵɯ ɩɚɪɢ ɩɟɪɟɯɨɞɢɬ ɤ ɞɚɧɧɨɣ ɫɩɨɪɬɢɜɧɨɣ ɥɢɝɟ ɋɨɝɥɚɫɧɨ ɫɬɚɬɶɟɈɛɳɟɝɨ ɡɚɤɨɧɚ Ɇɟɤɫɢɤɢ ɨɬ ɪɟɞ ɨɬ

©Ɉ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɟ ɢ ɫɩɨɪɬɟª ɦɟɤɫɢɤɚɧɫɤɢɟ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɟ ɫɩɨɪɬɫɦɟɧɵ ɩɪɟɞɜɚɪɢɬɟɥɶɧɨ ɨɬɨɛɪɚɧɧɵɟ ɜ ɧɚɰɢɨɧɚɥɶɧɵɟ ɫɛɨɪɧɵɟ ɤɨɬɨɪɵɟ ɨɮɢɰɢɚɥɶɧɨ ɭɱɚɫɬɜɭɸɬ ɜ ɩɪɟɞɫɬɚɜɥɟɧɢɢ ɫɬɪɚɧɵ ɧɚ ɦɟɠɞɭɧɚɪɨɞɧɵɯ ɫɨɪɟɜɧɨɜɚɧɢɹɯ ɩɨɥɶɡɭɸɬɫɹ ɬɟɦɢ ɠɟ ɩɪɚɜɚɦɢ ɢ ɥɶɝɨɬɚɦɢ ɱɬɨ ɭɫɬɚɧɨɜɥɟɧɵ ɜ ɫɨɨɬɜɟɬɫɬɜɢɢ ɫ ɞɚɧɧɵɦ Ɂɚɤɨɧɨɦ ɞɥɹ ɫɩɨɪɬɫɦɟɧɨɜ ɫɩɨɪɬɚ ɜɵɫɲɢɯ ɞɨɫɬɢɠɟɧɢɣ ɋɬɚɬɶɹ ɭɤɚɡɚɧɧɨɝɨ Ɉɛɳɟɝɨ ɡɚɤɨɧɚ Ɇɟɤɫɢɤɢ ɡɚɤɪɟɩɥɹɟɬ ɨɩɪɟɞɟɥɟɧɢɟ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɤɚɤ ɫɮɟɪɵɫɩɨɪɬɚɝɞɟ©ɫɩɨɪɬɫɦɟɧɩɨɞɱɢɧɺɧɬɪɭɞɨɜɵɦɨɬɧɨɲɟɧɢɹɦɩɨɥɭɱɚɹ ɮɢɧɚɧɫɨɜɨɟ ɜɨɡɧɚɝɪɚɠɞɟɧɢɟ ɡɚ ɫɜɨɸ ɩɪɚɤɬɢɤɭª

ɋɨɥɨɜɶɺɜ Ⱥ.Ⱥ., ɉɨɧɤɢɧ ɂ.ȼ. ɂɫɩɚɧɫɤɨɟ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɨ ɨ ɫɩɨɪɬɟ Ʉɨɦɢɫ ɩɨ ɫɩɨɪɬ ɩɪɚɜɭ Ⱥɫɫɨɰ ɸɪɢɫɬɨɜ Ɋɨɫɫɢɢ ± Ɇ ± ɫ

/H\*HQHUDOGHORV(VWDGRV8QLGRV0H[LFDQRVGH GH&XOWXUD)tVLFD\ 'HSRUWH 'LDULR 2ILFLDO GH OD )HGHUDFLyQ ± 8OWLPD UHIRUPD SXEOLFDGD ± KWWS ZZZ GLSXWDGRV JRE P[ /H\HV%LEOLR SGI /*&)'B SGI!

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɋɨɝɥɚɫɧɨ ɩɭɧɤɬɭ ©Eª ɫɬɚɬɶɢɎɟɞɟɪɚɥɶɧɨɝɨ ɡɚɤɨɧɚ Ɇɟɤɫɢɤɢ ɨɬ

ɪɟɞ ɨɬ ©Ɉ ɩɪɟɦɢɹɯ ɫɬɢɦɭɥɚɯ ɢ ɝɪɚɠɞɚɧɫɤɢɯ ɧɚɝɪɚɞɚɯª ɭɱɪɟɠɞɟɧɚ ɢ ɩɪɢɫɭɠɞɚɟɬɫɹ ɧɚɰɢɨɧɚɥɶɧɚɹ ɩɪɟɦɢɹ ɜ ɨɛɥɚɫɬɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ Ɋɚɡɦɟɪ ɭɤɚɡɚɧɧɨɣ ɧɚɰɢɨɧɚɥɶɧɨɣ ɩɪɟɦɢɢ ɨɩɪɟɞɟɥɹɟɬɫɹ ɫɨɝɥɚɫɧɨ ɭɤɚɡɚɧɧɨɣ ɫɬɚɬɶɟ ɇɚɰɢɨɧɚɥɶɧɨɣ ɤɨɦɢɫɫɢɟɣ ɩɨ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɟ ɢ ɫɩɨɪɬɭ

Ɉɝɪɚɧɢɱɟɧɢɟ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɣ ɫɩɨɪɬɢɜɧɨɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɬɟɦɢ ɟɺ ɜɢɞɚɦɢ ɢ ɮɨɪɦɚɦɢ ɤɨɬɨɪɵɟ ɫɨɨɬɜɟɬɫɬɜɭɸɬ ɨɩɪɟɞɟɥɺɧɧɵɦ ɩɪɢɧɰɢɩɚɦ ɢɥɢ ɭɫɥɨɜɢɹɦ

ȼɤɚɱɟɫɬɜɟɩɪɢɦɟɪɚɩɪɢɜɟɞɺɦɩɭɧɤɬ Ɏɟɞɟɪɚɥɶɧɨɝɨɡɚɤɨɧɚ

Ⱥɜɫɬɪɢɢ ɨɬ ɝɨɞɚ ©Ɉ ɫɨɞɟɣɫɬɜɢɢ ɫɩɨɪɬɭ ɮɟɞɟɪɚɥɶɧɵɦ ɩɪɚɜɢɬɟɥɶɫɬɜɨɦª ɭɫɬɚɧɚɜɥɢɜɚɸɳɢɣ ɱɬɨ ɫɨɞɟɣɫɬɜɢɟ ɫɬɪɨɢɬɟɥɶɫɬɜɭ ɪɚɫɲɢɪɟɧɢɸ ɦɨɞɟɪɧɢɡɚɰɢɢ ɪɟɤɨɧɫɬɪɭɤɰɢɢ ɢ ɬɟɯɧɢɱɟɫɤɨɦɭ ɨɛɫɥɭɠɢɜɚɧɢɸ ɫɩɨɪɬɢɜɧɵɯ ɨɛɴɟɤɬɨɜ ɫɨɨɪɭɠɟɧɢɣ ɨɛɳɟɚɜɫɬɪɢɣɫɤɨɝɨ ɡɧɚɱɟɧɢɹ ɪɚɡɪɟɲɚɟɬɫɹ ɬɨɥɶɤɨ ɟɫɥɢ ɞɟɹɬɟɥɶɧɨɫɬɶ ɬɚɤɨɜɵɯ ɨɛɴɟɤɬɨɜ ɫɨɨɬɜɟɬɫɬɜɭɟɬ ɩɪɢɧɰɢɩɚɦ ɢɡɥɨɠɟɧɧɵɦ ɜ ɞɨɤɭɦɟɧɬɚɯ ɦɟɠɞɭɧɚɪɨɞɧɨ ɩɪɢɡɧɚɧɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɮɟɞɟɪɚɰɢɣ ɡɚ ɢɫɤɥɸɱɟɧɢɟɦ ɫɥɭɱɚɹ ɫ ɭɱɟɛɧɵɦɢ ɰɟɧɬɪɚɦɢ ɝɞɟ ɷɬɨɝɨ ɧɟ ɬɪɟɛɭɟɬɫɹ ɉɭɧɤɬ ɭɤɚɡɚɧɧɨɝɨ ɚɜɫɬɪɢɣɫɤɨɝɨ ɚɤɬɚ ɭɫɬɚɧɚɜɥɢɜɚɟɬɱɬɨɨɬɡɚɹɜɢɬɟɥɟɣɧɚɩɨɥɭɱɟɧɢɟɝɪɚɧɬɨɜɧɚɞɚɧɧɵɟɰɟɥɢ ɫɨɝɥɚɫɧɨ ɩɭɧɤɬɭ ɦɨɠɟɬ ɛɵɬɶ ɩɨɬɪɟɛɨɜɚɧɨ ɩɪɟɞɫɬɚɜɥɟɧɢɟ ɮɟɞɟɪɚɥɶɧɨɦɭ ɦɢɧɢɫɬɪɭ ɨɛɨɪɨɧɵ ɢ ɫɩɨɪɬɚ ɷɤɫɩɟɪɬɧɨɝɨ ɞɨɤɥɚɞɚ ɨɬɧɨɫɢɬɟɥɶɧɨ ɷɤɨɧɨɦɢɱɧɨɫɬɢ ɷɮɮɟɤɬɢɜɧɨɫɬɢ ɢ ɞɨɫɬɭɩɧɨɫɬɢ ɫɩɨɪɬɢɜɧɵɯ ɫɨɨɪɭɠɟɧɢɣ ɩɨɞ ɤɨɬɨɪɵɟ ɢɫɩɪɚɲɢɜɚɟɬɫɹ ɮɢɧɚɧɫɨɜɚɹ ɩɨɞɞɟɪɠɤɚ

Ɉɝɪɚɧɢɱɟɧɢɟ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɣ ɫɩɨɪɬɢɜɧɨɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɨɩɪɟɞɟɥɺɧɧɵɦɢ ɟɺ ɧɚɩɪɚɜɥɟɧɢɹɦɢ ɢ ɨɩɪɟɞɟɥɺɧɧɵɦɢ ɟɺ ɰɟɥɹɦɢ

Ʉɚɤ ɩɪɚɜɢɥɨ ɰɟɥɢ ɞɥɹ ɞɨɫɬɢɠɟɧɢɹ ɤɨɬɨɪɵɯ ɩɪɟɞɨɫɬɚɜɥɹɟɬɫɹ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɮɢɧɚɧɫɢɪɨɜɚɧɢɟ ɞɥɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɞɨɥɠɧɵ ɛɵɬɶ ɫɜɹɡɚɧɵ ɫ ɞɨɫɬɢɠɟɧɢɟɦ ɤɚɤɢɯ ɥɢɛɨ ɡɧɚɱɢɦɵɯ ɩɭɛɥɢɱɧɵɯ ɢɧɬɟɪɟɫɨɜ

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