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Russian Government Requires State-Firm Bosses To Disclose Income

The Russian government has taken steps that will require the heads of some of the country's top state-controlled companies to publicly disclose their personal income.

The order was approved by Russian Prime Minister Dmitry Medvedev on December 18 and has been posted to the Russian government's official website.

Altogether, the heads of 62 state-controlled Russian firms are affected by the order.

It requires Russian Railways chief Vladimir Yakunin, Rosneft chairman Igor Sechin, and Gazprom CEO Alexei Miller to post the financial disclosures on their company websites.

The heads of Rosatom, Aeroflot, Rostelekom, Rosneftgaz, Sberbank, and others also are required to report their income and financial information.

They also are required to disclose the liabilities, assets, and income of their spouses and minor children.

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