Foreign firms pledge not to give bribes in Russia

Date: 20 Apr 2010

Dozens of international firms doing business in Russia have pledged not to offer bribes, in a move aimed at fighting corruption collectively.

The accord, signed at an official ceremony in Moscow, was initiated by the companies, not the Kremlin, said the Russian–German Chamber of Commerce.

Anti–corruption group Transparency International has said bribery in Russia is worth $300bn a year.

Two recent bribery scandals in Russia have involved foreign firms.

Article source: BBC

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