Russia Joins the OECD Anti-Bribery Convention

Russia is joining the OECD Anti-Bribery Convention. The law to this effect has been approved by the Upper Chamber of the Russian Parliament.

According to the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, a member state must ensure, obviously, that it is a crime to give or offer bribes to foreign officials. Those who pay kickbacks, therefore, can be prosecuted back at home as well as in the country where the bribe taker lives.

Since making grease payments to foreigners has been a criminal offence in Russia from May 2011, the country already complies with the convention.