Transparency Bill Faces Resistance From State Firms

Not wishing to share information about themselves with minority shareholders and board members, four major companies have complained to Deputy Prime Minister Igor Sechin about a government bill prepared at the president’s initiative. In a joint letter dated May 12, Rosneft, Transneft, Surgutneftegaz and TGK-2 expressed their dissatisfaction with a bill passed by the State Duma last week in its first reading that significantly increases […]