RUSSIA TO JOIN OECD ANTI-BRIBERY CONVENTION
May 1st, 2011
BY KEITH NUTHALL
RUSSIA has been invited by the Organisation for Economic Cooperation & Development (OECD) to join its anti-bribery convention. This is despite Russia languishing at 154th out of 178 countries ranked in Transparency International's 2010 corruption perception index. The OECD acted after its President Dmitry Medvedev signed in May legislation criminalising foreign bribery, with a significant increase in fines for companies and individuals who bribe foreign public officials to gain business advantages. All OECD member countries plus Argentina, ...
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