On 13 February 2012, a federal law came into force under which Russia has acceded to the Convention on Combating Bribery of Foreign Public Officials in International Commercial Transactions (the “Convention”), which was adopted by the Organisation for Economic Cooperation and Development on 21 November 1997.
Accession to the Convention is intended to strengthen the country’s international cooperation in thwarting the bribery of foreign public officials. Specifically, the Convention criminalises the intentional offer, promise or presentation of any illegal property or other benefits to a foreign public official. Enforcement of the Convention facilitates joint legal assistance in these matters.
In addition, the Convention establishes the legal grounds for extradition. A readmission agreement, as required by the legislation of several countries, is not required to hand over criminals if both countries are parties to the Convention.
[Federal Law No. 3-FZ “On the Accession of the Russian Federation to the Convention on Combating the Bribery of Foreign Public Officials in International Commercial Transactions”, dated 1 February 2012]