Russia Moves to Increase Fines for Economic Crimes

The Ministry of Justice of the Russian Federation has drafted a bill aimed at raising fines for thirty-six economic crimes, a move officials say is designed to tighten fiscal discipline and deter behavior that damages market integrity. The proposal would extend higher penalties across offenses that affect business conduct, public finances, and the competitive landscape, increasing the costs of noncompliance for both executives and firms. In practice, the plan seeks to ensure sanctions reflect the harm caused and to deter schemes that siphon funds away from state budgets or distort fair competition. Observers note that this approach mirrors a global trend toward stronger deterrence for economic offenses, a shift that can influence investor sentiment and compliance programs in North America as well. For readers in Canada and the United States, the changes underscore how governments worldwide are calibrating penalties to strengthen trust in markets. An official briefing indicates the bill has broad administrative support and is moving through the necessary review channels.