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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

Wednesday, July 23


SPIBA’s Legislation & Lobbying Committee invites everyone interested in the practical aspects of courts and procedural law to today’s Legal Debating Club at 9:30 a.m. at the Mertens House, 21 Nevsky Prospekt, office 506. Visit spiba.ru for more details.


Take advantage of the sunny summer days and participate in Beach Games 2014, which runs through July 27 in Sestroretsk’s Dubki Park.



Thursday, July 24


Liliana Modiliani, a well-known Russian stylist, will talk about choosing clothes that fit during her lecture at 7 p.m. at the Pryamoy Efir art club, 13 Viborgskoe Shosse.



Friday, July 25


Discuss Russia’s economic and political prospects for 2014 during a Business Breakfast organized by SPIBA at 9.30 a.m. in the Bank Saint-Petersburg office at 64


Malookhtinsky Prospekt.


Start your weekend with adorable miniature pigs at the Squealing Pig festival at 7 p.m. this evening in the Karl & Friedrich restaurant, 15 Iozhnaya doroga, on Krestovsky Island.



Saturday, July 26


Hundreds of brand-new and retro cars, drag and drift shows, test drives and karting are planned for the Avtobum-2014 festival, which will take place in front of the RIO shopping center at 2 Fuchika Ulitsa.


Participants in today’s SaniDay Summer competition will impress visitors with their hand-made, unusual and hilarious boats, which will race at the Igora Resort near the 54th kilometer on Priozerskoe Shosse.


Metro Family Day will include both serious lectures for adults and master-classes for children, making the event interesting for the whole family. To participate, come to Kirov Park on Yelagin Island.


Photography will be the focus of today’s Photosubbota, which features lectures by famous photographers, meetings with photo schools and studio representatives, and participation in a photography competition. The event starts at noon at Petrokongress, 5 Lodeynopolskaya Ulitsa.


If you like cycling, make sure to visit the Za Velogorod Festival with its retro bike exhibition, market and live music. The second round of the Leningrad Criterium race will also take place during the event at Petrovsky Arsenal in Sestroretsk.



Sunday, July 27


Navy Day will be celebrated with a weapon and military transportation exhibition, self-defense master classes and concerts. The event starts at 1 p.m. in the 300th Anniversary Park of St. Petersburg.



Monday, July 28


Don’t miss a chance to see the latest achievements in robotics during the RoboDom interactive show, exhibiting more than 150 robots. The show will be at BUM center, 22/2 Gzhatskaya Ulitsa, until Aug. 3. The entrance ticket costs 350 rubles ($10).



Tuesday, July 29


A video of a Queen concert from 1986 will be shown today at 8 p.m. in Yaschik, 50/13 Ligovsky Prospekt.



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