Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Putin Signs Law Reducing Penalties for Corruption

Russia's President Vladimir Putin

Russia's President Vladimir Putin has signed into law a bill slashing fines for giving and receiving bribes, in a reduction of corruption penalties that a Kremlin envoy dismissed as rarely being honored anyway.

Accepting a bribe of under 25,000 rubles ($413) will now be punishable with a fine of up 10 times the size of the bribe, down from a 25-fold fine.

The penalty for shelling out bribes in such cases has been reduced to five times the amount of the bribe, down from the previous 15 times the sum.

When the bill was introduced late last year, Kremlin envoy Garry Minkh said that only between 15 percent and 20 percent of fines imposed for lesser bribes were actually paid, TASS reported at the time.

The new law also gives bribe-givers and recipients up to 60 days for the “voluntary payment” of the fine, double the current 30-day period, according to a Kremlin statement.

Russia ranked 136th out of 175 countries in Transparency International's latest annual Corruption Perceptions Index, which was unveiled earlier this month. The watchdog estimated losses from corruption at $300 billion in 2009, the latest year for which statistics are available.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more