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Russia finalizes legal procedures for its accession to OECD's Anti-Bribery Convention

February 17, 2012, 16:29 UTC+3
Russia will become a full member of the Convention, which has been signed by 39 states, on April 17, 2012
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PARIS, February 17 (Itar-Tass) —— Russia finalized legal procedures for its accession to the OECD Anti-Bribery Convention (the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions).

Russian First Deputy Foreign Minister Andrei Denisov presented the ratification instrument to the OECD Secretary General Angel Gurria at the OECD Paris headquarters on Friday.

Russia will become a full member of the Convention, which has been signed by 39 states, on April 17, 2012. “This event is a key step towards Russia’s full membership in the Organization for Economic Cooperation and Development,” an OECD expert told Itar-Tass.

Russia undertook the commitment of regular verifications of its observance of anti-corruption norms. The convention was signed in 1997 and entered into force in February 1999. Its participants pledged criminal punishment of persons attempting to bribe foreign public officials in international business transactions. Russia assumed that responsibility in May 2011.

 

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