Aeroflot Proposes Developing Anti-corruption Strategy for Russian Companies

Russia’s national airline Aeroflot has proposed to develop Russia’s first-ever global Transnational Anticorruption Compliance Strategy, reported.

Speaking at a conference hosted by the Prosecutor General’s office, dedicated to the role of organizations in сountering corruption, Aeroflot’s deputy CEO Vladimir Alexandrov put forward the initiative.

The Strategy will be implemented on a unified platform with the involvement of major Russian companies running business abroad, international organizations and government institutions. The project will embrace an audit of international anti-corruption standards for subsequent introduction in the framework of anti-corruption policies of Russian companies. Consistent solutions will be designed to streamline the Russian legislation based on the world’s best anti-corruption practices.

“Russian companies entering international markets have to elaborate their anti-corruption policy in compliance with regulations of various countries and jurisdictions, which often contradict Russian legislation. Aeroflot’s global strategy will help harmonize international and national anti-corruption standards for all of Russia’s business. Launching this initiative will reinforce Russian companies’ positions in the international market and will enhance their investment allure,” Alexandrov said.

Alexander Rusetsky, Head of the Department for Supervision of Observance of Anti-corruption Laws at the Prosecutor General’s Office, said that “this conference is a unique opportunity to discuss the most vital issues, including anti-corruption measures in the framework of Russian and international laws, with officials of Prosecutor General’s office, Ministry of Labour and Social Affairs, and representatives of partially state-owned companies. Our joint fruitful efforts will allow us to develop common approaches to improving anti-corruption legislation and put the new solutions into practice.”

Aeroflot is Russia’s flagship carrier and a member of the SkyTeam global airline alliance. The company serves 159 destinations in 54 countries. In 2018, Aeroflot carried 35.8 million passengers (55.7 million passengers as Aeroflot Group including subsidiaries).