Alex is offering you to have website «E-Finance News» remembered
Do you want us to remember the «E-Finance News» website?
Yes No
×
Прогноз погоды

You can either make money or make excuses

Ruble collapse makes bribery more expensive for Russians

expand

russian bribes

It costs a lot more to bribe a Russian these days.

Soaring prices and the weak ruble are creating corruption inflation: the cost of an average bribe shot up 37% in 2014.

The typical inducement paid in Moscow last year was 327,000 rubles ($5,300), chief of police Anatoly Yakunin told Russian media.

That's up more than 10 times in just five years. According to the Russian government, the average bung was just 23,000 rubles in 2009.

Russians trying to pay off officials have the struggling economy to blame for the rising costs.

The double whammy of cheap oil and Western sanctions is hurting the country's finances.

As the ruble has collapsed -- losing 40% against the dollar in six months -- the cost of bribing officials has shot up because they mostly insist on being paid in a hard currency, according to Yakunin.

Corruption is widespread in Russia. The country ranked 136 of 175 countries in Transparency International's Corruption index, on a par with Nigeria, Lebanon, Kyrgyzstan, Iran and Cameroon. One in four Russians admits to paying a bribe, according to the group.

Bribes are most often exchanged over government contracts, construction, and land distribution.

The Russian government is trying to do something about the grim statistics. It has embarked on an anti-corruption drive. New laws require companies to disclose more detailed information about deals, and give authorities greater powers to crack down on offenders.

Source


Published by Robert , 28.02.2015 at 00:01
Статистика 1
Показы: 1 Охват: 0 Прочтений: 0

Comments

To show the previous comments (%s from %s)
Tommy
Tommy 1 March 15 13:38 We call it campaign donations. Russian bribes are pittances compared. Text hided expand
0
Johnny
Johnny 1 March 15 17:42 Now when Putin takes 10% off bureaucrat's salary the bribes will go up even higher. His friends won't suffer, the people of Russia will Text hided expand
0
Show new comments
All comments are shown: 2
Like

Site search

Last comments

Anthony
i'm shocked
Anthony Qatari-led group wins $4 billion battle for Canary Wharf
Anthony
they have no solution themselves.
Anthony Obama's $4 trillion budget includes higher taxes on rich and big banks, public works program
Anthony
If the UK sector gains useful experience of this kind of work, they could be in a position to utili…
Anthony Shell declares end of pipeline for Brent oilfield
Anthony
Lots of profit losses for oil companies still in the pipe..
Anthony The oil plunge isn't over yet
Anthony
Almost all companies do this.
Anthony Apple's timing on bonds
Anthony
Too little, too late
Anthony QE could be too little too late to help Europe’s stock markets
Anthony
it gets boring.
Anthony What crisis? Kalashnikov's business is booming
Anthony
They do have a temporary effect when used in Economic warfare.
Anthony Russia: How long until the economy cracks?
Anthony
Why is there not a car simliar that is not a high priced hybrid??
Anthony 2017 Chevrolet Spark: Photos Of Updated Minicar Leaked In Korea
Anthony
it is completely free and just a bit of fun, so look out for VillaLibra Lucky Numbers if you want t…
Anthony Odds of winning the Powerball jackpot: One in 175,000,000