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Russia to penalize foreign companies for bribing

July 22, 2015, 14:21 UTC+3 MOSCOW

A penalty will be imposed, if an offence is aimed against Russia’s interests

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© ITAR-TASS/Sergei Karpov

MOSCOW, July 22. /TASS/. The Russian government’s commission has approved a bill stipulating a possibility to penalize foreign companies for bribing Russian partners outside the country, the government’s website reported on Wednesday.

The document envisages amendments to Russia’s Code of Administrative Offences, under which a company that has given "an illegal reward on behalf of a legal entity" outside Russia will be subject to administrative liability in compliance with the existing Russian legislation.

A penalty will be imposed, if an offence is aimed against Russia’s interests.

Under the existing Russian legislation, article "Illegal Reward on Behalf of a Legal Entity" stipulates a penalty ranging from three times to 100 times of the bribe size.

The bill was worked out as part of the National Anti-Corruption Plan for 2014-2015 endorsed by the Russian president’s decree in April last year.

"The bill’s implementation will help use the Administrative Code in all the instances of committing administrative offences outside Russia as stipulated by article 19.28 of the Code and affecting Russia’s interests," the government’s website said.

The bill will be discussed at a government session.

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