Understanding Russia’s Federal Law on Combating Corruption 2008: A Detailed Exploration

Summary:

Russia's Federal Law on Combating Corruption (No. 273-FZ) was enacted in 2008 to address widespread corruption in the country, particularly after the collapse of the Soviet Union. The law defines corruption as illegal acts involving the use of official positions for personal gain, and it sets forth provisions for prevention measures, responsibilities, and liabilities. The law has been applied in several high-profile corruption cases, leading to imprisonment and penalties. Compliance with the law has become essential for businesses operating in Russia, including foreign companies. While the law has been a step towards creating a transparent governance structure, its effectiveness depends on consistent application and oversight.