33 Facts About Alexei Kudrin


Alexei Leonidovich Kudrin is a Russian liberal politician and economist.


Alexei Kudrin was appointed as Finance Minister on 28 May 2000 and held the post for 11 years, making him the longest-serving Finance Minister in post-Soviet Russia.


Alexei Kudrin was asked to resign from his position on 26 September 2011 by President Dmitry Medvedev.


Alexei Kudrin has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation.


Alexei Kudrin was born on 12 October 1960 in Dobele, Latvian SSR to Russian father and Latvian mother.


Alexei Kudrin's first job was a motor mechanic and training assistant at the engine laboratory of the Academy of Procurement and Transportation of the Defense Ministry of the Soviet Union, before entering Leningrad State University to study economy.


Alexei Kudrin graduated in 1983, and got an internship at the Leningrad Institute of Social and Economic Problems.

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Alexei Kudrin then worked as a researcher at the Institute of Social and Economic Problems of the Academy of Sciences.


Alexei Kudrin has authored over 15 scientific works in the fields economics and finance, including topics such as competition and anti-monopoly policy in the Soviet economy of the transition period.


From 1990 to 1996, Alexei Kudrin worked in the Saint Petersburg Saint Petersburg City Administration under the liberal mayor and reformer Anatoly Sobchak.


Alexei Kudrin was chairman of the City Administration's Economic and Finance Committee.


Alexei Kudrin served as finance minister from May 2000 to September 2011.


Fradkov supported the proposal, but Alexei Kudrin argued that lower VAT could endanger stability of the ruble and would cause the government to withdraw money from the stabilization fund.


Alexei Kudrin credited Kudrin with sound conduct of the ruble exchange rate and capable fiscal management that has arguably helped to prevent the most serious problems of the so-called Dutch disease.


In 2006, Alexei Kudrin received the award "Best Finance Minister of a Developing European Country" by the Emerging Markets newspaper, published by the IMF and the World Bank.


The savings later proved crucial in helping Russia to come out of the financial crisis in a much better state than many experts had expected, and Alexei Kudrin was widely credited for his policies.


For example, in September 2007 Alexei Kudrin was almost fired but in the end was kept on in Viktor Zubkov's Cabinet.


Early in the Putin years, Alexei Kudrin was appointed chair of the state-owned diamond concern, Alrosa.


Alexei Kudrin has said that the state's role in the oil industry should not be increased, and has indicated that the purchase of Sibneft by Gazprom and the merger of some former Yukos assets to state-controlled oil company Rosneft were taken at a particular stage of the restructuring of the sector.


Alexei Kudrin has said that the Reserve Fund, accumulated before the crisis, will run out in 2011.


Consequently, Alexei Kudrin warned that Russia will soon have to adjust to being a country, just "like everyone else" and called for a more effective use of state funds.


In October 2010, Alexei Kudrin was declared "Finance Minister of the Year 2010" by the Euromoney magazine.


The magazine said that "Alexei Kudrin is rightly hailed as a fiscal manager of the highest order" and praised his "championing of the free market and fiscal prudence".


At the opening of the All-Russian Civil Forum, organized by his Committee, Alexei Kudrin said the Law on non-governmental organizations - "foreign agents" should be abolished or completely reworded.


On 18 June 2015, Alexei Kudrin proposed to hold snap presidential elections.

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Alexei Kudrin justified this need for global reform and cited the example of the President of Kazakhstan Nursultan Nazarbayev, who did just that.


The next day, Alexei Kudrin said that he is not going to run for the presidency.


However, many experts continued to believe that Alexei Kudrin wants to return to the Federal Government, and even take the place of the Prime Minister.


On 25 September 2019, Russia took over the presidency of the International Organization of Supreme Audit Institutions, and Alexei Kudrin took over as president of the organization.


On 29 November 2022, Alexei Kudrin announced his intention to resign as chairman of the Accounts Chamber in order to work in the private sector.


In September 2022, the media learned about the offer that Alexei Kudrin was made by the founder of Yandex, Arkady Volozh.


On December 9,2022, Alexei Kudrin started working at Yandex as a Corporate Development Advisor.


Alexei Kudrin has been married twice, having a son from his current marriage and a daughter from his previous marriage.