This report presents background information to participants of the OECD Russia Corporate Governance Roundtable organised for the 19th November 14 in Moscow, Russian Federation.

The report addresses the issue of related party transactions on an international scale and in Russia. It outlines the international context in which related party transactions are regulated across jurisdictions.

Despite significant investment and anti-corruption capacity building in the past decades, "most systematically corrupt countries are considered to be just as corrupt now as they were before the anti-corruption interventions"(1). Statements like this are indicative of the frustration shared by practitioners and scholars alike at the apparent lack of success in controlling corruption worldwide and point to the need to rethink our understanding of the factors that fuel corruption and make it so hard to abate. 

The Basel Institute has been awarded two new research grants; one by the British Academy as part of its GBP 4 million global anti-corruption research scheme in partnership with the Department for International Development (DFID) in the context of DFID’s Anti-Corruption Evidence ('ACE') Research Programme; the second by DFID’s East Africa Research Fund (EARF).