OECD has welcomed Russian President's recent signing
into law the legislation that criminalises
foreign bribery, with monetary sanctions for companies and individuals who
bribe foreign public officials. According to the OECD, it sends a clear signal
of Russia’s
commitment to upgrade their effort in the fight against international corruption.
It also paves the way for Russia to join the OECD’s Anti-Bribery Convention
and become a member of the OECD’s Working Group on Bribery. This may
take place at our 50th Anniversary Week and Ministerial Council Meeting in
Paris on 25 and May 26.
Russia asked to join the Convention in February 2009. Since then, the OECD
Working Group on Bribery - made up of representatives from the 38 Convention
countries - has worked with Russian officials to improve and strengthen Russia’s
legal framework against the bribery of foreign public officials in international
business transactions. The OECD Council, the organisation’s highest decision-making
body, will discuss Russia’s request to join in the next few days.
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