Measures Taken to Strengthen Russian Anti-Corruption Laws

May 13, 2013

Despite Russia’s reputation for corruption, the anti-bribery climate in Russia is evolving. A recent flurry of anti-bribery legislation, as well as Russia’s ratification of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions in February suggest that Russia is moving in the right direction. Effective January 1 2013, amendments to Federal Law No. 273-FZ, dated 28 December 2008 (the “Anti-Corruption Law”) created new measures to prevent corruption. One of these measures is not only new for Russia, but also unprecedented among anti-corruption laws worldwide.

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