Corruption News

Vladimir Putin looks to get tough with bureaucratic corruption


At a meeting with small business lobby, Opora, Vladimir Putin announced a radical change: The system of government inspections is to change fundamentally. The number of checks will fall sharply, and unjustified inquiries banned.

Kirill Dmitriev, President of Icon private Equity, one of the countrys largest private equity firms is hailing a breakthrough: Today is a very important day for small- and mid-sized businesses. Whereas in the West, business would not be checked for a couple of years, in Russia you would have fire inspections, lots of checks, and the government wants to reduce this dramatically now.


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