Russian state banks disclose executive income

Russian state-controlled banks have submitted information on their top managers’ incomes and their business transactions, Finance Minister Anton Siluanov said on Thursday. In his anti-corruption drive ahead of the March 4 presidential elections, Prime Minister Vladimir Putin who is likely to return the Kremlin in spring, ordered state-run companies and banks to disclose information on their top managers’ incomes to uncover abuses of office and conflicts of interest and enhance the transparency of their financial and economic operations. “Today, virtually all the banks have submitted information on their managers and their relatives as regards income declarations and stakes in business,” Siluanov said. “The next step will be to analyze this information in detail and decipher any possible affiliated participation of personnel or their relatives in the business of the corresponding state banks,” he said.