The Russian authorities will enable the business to live on the Western model

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www.vsyako.netPhoto: Julia Chestnova / RIA Novosti

The Ministry of economic development jointly with Russian Academy of foreign trade (VAVT) is preparing a national plan for implementation of standards of responsible business, says family-owned Demyan Kudryavtsev, the newspaper “Vedomosti”.

Requirements, in particular, will relate to non-financial reporting, rational use of natural resources, the protection of human rights. The rules will also affect companies involved in public procurement and obtaining budget funding.

The plan will form the experience of the Organization for economic cooperation and development, standards will be offered to all Russian companies. The observance of these rules will be voluntary.

Etta analysts believe that business is interested in implementing standards, because their implementation will allow to access new markets.

Previously, the Ministry had finalized and begun to discuss the draft law on the mandatory requirements that will have to radically change the state regulation in the field of business.

Video, photo All from Russia.

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