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Rosneft Declines to Publish Required Income Declarations

Published: June 16, 2014 (Issue # 1815)



  • Rosneft CEO Igor Sechin.
    Photo: Yekaterina Kuzmina / Vedomosti

Rosneft head Igor Sechin, widely considered Russia's highest paid executive, has managed to avoid publishing an income declaration for 2013 as part of the government's fight against corruption, business daily Vedomosti reported Monday.

The publication of income declarations of employees at state companies was made a requirement by a presidential decree in July 2013. The move was part of a wider effort to crack down on corruption that also included the establishment of a special department to oversee the work of verifying officials' income and expense declarations.

Perhaps in a sign of how serious the government was taking the new anti-corruption efforts, the required income declarations contain information not only on the executives' earnings, but those of their spouse and children as well.

Rosneft explained its refusal to publish income declarations for its executives by the fact that, though Rosneft is state-run, the company was not set up by federal law — one of the conditions set out in last year's presidential decree, the paper reported.

Vedomosti cited a company spokesman as saying that all information on executives' incomes had been submitted to "the competent authorities in the timeframe and volume" required by the government.

Rosneft, Russia's biggest oil company, was not the only state corporation to refrain from publishing income declarations, however. Gazprom, Rosneftegaz, Russian Railways, Aeroflot, Rushydro and Inter RAO also held out on publishing such information as well, Vedomosti reported.

Requests sent to Russian Railways and Gazprom over the income declarations went unanswered, Vedomosti reported. Spokesmen from Rushydro and Inter RAO declined to comment on the matter, according to the paper.

Sechin has frequently come under fire from journalists and activists over what many consider to be a ludicrously high salary.

In response to Rosneft's refusal to publish income declarations on Monday, opposition activist Alexei Navalny — one of the most outspoken critics of the lavish lifestyles of many top executives — mocked Sechin on his blog.

"The award for the best way out from a complex situation, without a doubt, goes to state businessman Igor Sechin," Navalny wrote on his blog Monday.

Sechin, for his part, recently lashed out over feverish speculation over his income, filing a lawsuit in May against the Russian edition of Forbes for dubbing him the "highest-paid executive in Russia."





 


ALL ABOUT TOWN

Saturday, Aug. 2


Gatchina Palace Park Museum will host its second annual Night of Light, an impressive audio-visual show across the night sky. Tickets are 600 rubles ($16).


If graphic design is more your thing then check out Illustration Day, where you will be able to visit an exhibition, attend lectures by professionals and even show experts some of your own work. The event starts at noon at Zona Deystvia, 73 Ligovsky Prospekt. The entrance fee is 350 rubles ($10).



Sunday, Aug. 3


History lovers shouldn’t miss the chance to see reenactments of World War I battles in Pushkin at noon. Besides exciting war scenes, visitors can enjoy live music, historical costumes, an equestrian show and a fancy-dress parade starting from the Moscow gates.


Garage Sale, the popular and growing flea market where nothing is priced over 500 rubles ($14.11), starts today at noon in Loft-Project Etagi, 74 Ligovsky Prospekt. Be sure to get in early to score a bargain. Entry costs 50 rubles ($1.40)



Monday, Aug. 4


Continue the working week with a calm and steady mind with a free yoga lesson at 7 p.m. in the Bukvoyed store at 23A Vladimirsky Prospekt.



Tuesday, Aug. 5


Visit The Romanov Dynasty doll exhibition today, where more than fifty porcelain dolls depicting Russian rulers, and made by Olina Ventzel, will be on show. The exhibition continues through Aug. 31 in Sheremetyev Palace, 34 Fontanka Naberezhnaya.



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