Russian business community to launch an anti-corruption NO BRIBES / NO KICKBACKS campaign

To support Russian President's anti-corruption initiatives, the Finance & Investments Market Players Club is to unite the Russian business community to get rid of the culture of bribery and kickbacks undermining the development of the Russian econo

As stated by Club Chairman Eugene Kasevin, "Given the multilevel, hierarchical system of government and traditional monopolization of domestic business and commercial relationships, there are concerns that the President's initiatives to modernize the Russian economy may prove fruitless without public involvement, in particular, without involvement of the business community."

"The long and deep-rooted tradition of corruption resulted in bribes (which were widespread in Soviet times) and kickbacks (which emerged in the early 1990s) becoming standard practice affecting the domestic trade. As a result, any step forward initiated by the government will be thwarted by two steps backward due to public inactivity" says Mr. Kasevin.

The Club encourages its members, owners and senior managers of Russian businesses, as well as owners and senior managers of foreign businesses operating in the Russian Federation, to take part in the campaign aimed to get rid of bribery and kickback practices spread across the country.

The Club invites businesses to register on the Club's website to support the NO BRIBES / NO KICKBACKS campaign. Upon registration, a business will undertake not to enter into any deals, contracts or agreements which involve bribes and/or kickbacks, and the Club will place the logo of such business on the Club's website. The Club will also allow such participating businesses to place the campaign's logo on their respective websites, which will serve as a sign for their both new and current counterparties, suppliers and partners.

Full information is available on the Club's web-site: www.kifir.info.

The Finance & Investments Market Players Club (KIFIR) is a non-governmental business association established in 2008 to unite international business community having business interests in the Russian Federation.

Contact: Eugene Kasevin, Club Chairman. Email: kasevin@kifir.info

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