Bribery and Corruption Have Become Endemic in Russia

The Economist ran a special report on Russia. The article that caught my eye was Grease My Palm. In looking at the scope of the problem in Russia, the articel cites the corruption market being estimated at $300 billion, which is about 20% of Russia’s GDP. INDEM (a Russian NGO) says 80% of all Russian businesses pay bribes.

It makes you wonder how any U.S. business can being doing business in Russia without violating the FCPA.