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Article

Инициатива прозрачности и расширение границ информационной открытости компаний добывающих отраслей

Growing revenues from the extraction of natural resources and the problems of poverty in developing countries formed the basis of the proposals for widening the borders of transparency in extractive industries and the necessity to disclose the data relating to fair distribution of wealth. It will result in openness of economies, investment attractiveness, availability of cheap loans, etc.- the so called Extractive Industries Transparency Initiative (EITI).

For the Russian economy as an export-oriented one, this work is more concerned with a long-term perspective as organizational unpre- paredness, lack of developed institutions in the country will not allow to check the veracity of institutional change, and the extension of transparency will come upon unwanted international legal implications of participation in the EITI. Positive results of participation would be postponed by anti-Russian sanctions.