Directors of companies part-run by the Russian state are now exempt from publishing details about their earnings and financial worth in what has been described as a “victory” for some of the country’s most powerful officials, Russian news agency Interfax reports.
Last year the Kremlin put in place regulation which required heads of state-run companies to publish their income figures online. However, according to Interfax the Russian government has now changed its stance, informing heads of state companies that they do not have to comply with the rule as it “violates a trade secret”.
The news agency quoted anonymous sources for tipping …read more
Source: Newsweek
