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This report is part of the OECD regulatory reform programme which assesses the regulatory framework of countries examined and suggests possible improvements to enhance economic growth, competition, innovation and market openness.
The Russia review follows a multidisciplinary approach and covers the overall economic context for regulatory reform, the government’s capacity to manage regulatory reform, competition policy and enforcement, and market openness.
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The Russian government has embarked on a highly ambitious program of electricity reform. Russian policymakers have recognised that attracting timely and appropriate investment will remain a substantial and ongoing challenge, which can most effectively be addressed through the creation of efficient electricity markets operating in response to genuine price signals, within a robust and predictable legal and regulatory framework.
Technology transfer experts from OECD and Russian universities, international organisations, governments, business and finance, explored issues on technology commercialisation and the development and financing of entrepreneurship at Russian universities.
Despite a wealth of investment opportunities, the Russian Federation has attracted relatively little foreign direct investment (FDI) and has experienced large-scale capital flight. This phenomenon results from sectoral restrictions on foreign investment and from important institutional factors which also affect domestic businesses.
Russia has made significant improvements in its business environment since the last decade, adopting
Participants discussed and endorsed “Priorities for Implementing IFRS in the Russian Federation” and "Implementing Effective Disclosure of Related Party Transactions and Beneficial Ownership in Russia”.
This roundtable meeting discussed the policy framework and practices in Russia of enforcement of corporate governance rules and corporate governance of state-owned enterprises.
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The OECD has been working on environmental taxation in the Russian Federation since 2001. This report focuses on reforming pollution charges, the main and most comprehensive type of economic instrument used for environmental protection in Russia.
Roundtable participants met in Moscow on 2-3 October 2003 to review corporate governance developments in the EU, U.S. and Russia, compared notes on disclosure practices and discussed policy approaches to priority disclosure issues.
This conference provided an international forum for discussion of the key policy issues related to implementation of the new, privately funded pension system in Russia and “best practice” regulatory and supervisory mechanisms used in OECD countries.