All news

Pres seeks to cap deals btw govt bodies, firms run by officials' relatives

President Dmitry Medvedev suggested introducing restrictions on deals between government bodies and companies run by officials' close relatives

MOSCOW, December 22 (Itar-Tass) — President Dmitry Medvedev suggested introducing restrictions on deals between government bodies and companies run by officials' close relatives.

"I believe it expedient to place a restriction on transactions between government bodies and commercial organizations, where close relatives of heads of these government bodies have large stakes or executive posts," Medvedev said in his state-of-the-nation address to the Federal Assembly as the audience applauded his initiative.

"Regrettably, the number of such cases in this country is tremendous," Medvedev added.