Ministry of Finance (Russia)

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Ministry of Finance, MinFin
Минфин России
Minfin.gif
Agency overview
Formed October 24, 1780 as Expedition of state revenues
Preceding Agency Expedition of state revenues
Ministry of Finance of the Russian Empire
Ministry of Finance of the USSR
Jurisdiction Federal government of the Russian Federation
Headquarters Ilinka Street 9, Moscow
55°45′12.99″N 37°37′31.06″E / 55.7536083°N 37.6252944°E / 55.7536083; 37.6252944Coordinates: 55°45′12.99″N 37°37′31.06″E / 55.7536083°N 37.6252944°E / 55.7536083; 37.6252944
Annual budget 1611.8 billion rouble (FY 2011)[1]
Agency executives Anton Siluanov, Minister
Sergei Shatalov, State Secretary-Deputy Minister of Finance
Roman Artyukhin, Federal Treasurer of Russia
Child agencies Federal Revenue Service
Federal Servic for Fiscal Affairs
Federal Treasury
Gokhran
Website MinFin.Ru/En/
Seal of the Russian Ministry of Finance on coin

Ministry of Finance of the Russian Federation (Russian: Министерство финансов Российской Федерации, Минфин России, MinFin) is a federal ministry, responsible for general financial policy and for general management in the field of finance of the Russian Federation. The ministry has two predecessors, the most notable one being the Ministry of Finance of the USSR who is itself the succerssor of the Ministry of Finance of the Russian Empire. The agency has its headquarters in Ilinka Street 9. in Moscow.[2]

Anton Siluanov serve as current Minister of Finance of the Russian Federation since September 2011.

History[edit]

The Treasury Governing body in Russia was established by Imperial Decree of Catherine II in October 24, 1780 as The Expedition of state revenues, which was, in fact, the beginning of the creation of state financial authority in Russia.

Manifesto of the Emperor Alexander I "On approval of the Ministries" was founded several ministries, including Ministry of Finance of the Russian Empire.[3]

In the Soviet Union, the Ministry was renamed as the Ministry of Finance (MOF USSR), which combines the Treasury of the Soviet republics, in particular the Ministry of Finance of the RSFSR.

The Ministry of Finance of the Russian Soviet Federative Socialist Republic was part of the Council of Ministers of the RSFSR and was under the authority of the Soviet Ministry of Finance under The Council of Ministers of the USSR, the official name of the Soviet government.

By Decree of the President of the RSFSR from November 11, 1991 (Presidential Decree № 190) The Ministry of Finance was merged with the Ministry of Economy of and the new ministry was called The Ministry of Economy and Finance of the Russian Federative Republic. Under Resolution of the Government of the Russian Federative Soviet Repunblic (later the Government of Russia) from November 15, 1991 (Resolution № 8) the Ministry of Finance was liquidated and its businesses and organizations transferred to the Ministry of Economy and Finance of the Russian Soviet Federative Socialist Republic.[4]

From December 25, 1991 to February 19, 1992 the Ministry was called Ministry of Economy and Finance. By Presidential Decree of February 19, 1992 № 156, it was again divided into two ministries - the Ministry of the Economy and Finance Ministry.

Because of the 2014 Crimean crisis, a number of Western countries aimed sanctions at Russia, with personal financial transactions by certain Russian individuals proscribed. Among these sanctioned individuals were Arkady Rotenberg and Boris Rotenberg, who also happened to be shareholders of certain Russian banks. On 24 March, MasterCard and Visa declined to permit transactions at these banks for a number of hours, ostensibly because they had misinterpreted the sanctions document.[5][6][7] Anton Siluanov, then-current Minister of Finance, told reporters on 26 March that he had revived plans to develop a Ruusian alternative card payment system to cut its dependence on Visa and MasterCard after these disruptions in their service.[8] Siluanov said that "The payments restriction by Visa and Mastercard at one bank made us start thinking very seriously how we can secure ourselves against this kind of cases."[8] President Vladimir Putin agreed the next day in conference with legislators: "This wasn’t our decision. We need to defend our interests. And we’ll do that. It is really too bad that certain companies have decided on [...] restrictions. I think this will simply cause them to lose certain segments of the market - a very profitable market."[9][10]

Structure[edit]

Departments[edit]

  • Department of administration and control
  • Department of budgetary policy and methodology
  • Department of tax policy and customs schedule
  • Department of state debt and state financial assets
  • Department of financial policy
  • Department of regional budgets
  • Department of regulation of state financial control, auditing, accounting and records
  • Law Department
  • Department of budgetary policy in the sphere of military and law enforcement service and the state defense order
  • Administrative Department
  • Department of budgetary policy in the sphere of social welfare and science
  • Department of budgetary policy in the sphere of state management, judicial and public service
  • Department of development and execution of federal budget
  • Department of international financial relations
  • Department of information technologies in the sphere of budgeting and state and local finance management
  • Department of budgetary policy in the sphere of transport, roads, natural resources and agriculture
  • Department of budgetary policy in the sphere of innovation, civil industry, energetics, communication and public-private partnership

Subordinate authorities[edit]

  • Federal Tax Service
  • Federal Service for Fiscal and Budgetary Supervision
  • Federal Service for Insurance Supervision
  • Federal Treasury of Russia
  • Gokhran
  • Goznak

Russian Ministers of Finance[edit]

Imperial Ministers[edit]

Socialist Commissars and Ministers[edit]

Name Took office Left office
People's Commissar for Finance of the RSFSR
Ivan Skvortsov-Stepanov 27 October 1917 30 October 1917
Vyacheslav Menzhinsky 30 October 1917 21 March 1918
Isidore Gukovsky 21 March 1918 16 August 1918
Nikolay Krestinsky 16 August 1918 22 November 1922
Grigory Sokolnikov 22 November 1922 6 July 1923
Miron Vladimirov 6 July 1923 November 1924
Nikolai Milutin December 1924 December 1929
Barbara Yakovleva January 1930 September 1937
Vasily Popov February 1938 20 April 1939
M.N. Umonov 21 April 1939 September 1939
Arseny Sofronov October 1939 28 March 1941
Alexei Homespun 28 March 1941 18 July 1945
Arseny Sofronov 18 July 1945 23 March 1946
Minister of Finance of the RSFSR
Arseny Sofronov 23 March 1946 July 1949
Ivan Fadeev September 1949 March 1973
Andrei Bobrovnikov March 1973 10 May 1990
Boris Fyodorov 18 July 1990 5 December 1990
Igor Lazarev 5 December 1990 11 November 1991

Soviet Ministers[edit]

Name Took office Left office Duration
People's Commissar for Finance
Sokolnikov, GrigoryGrigory Sokolnikov 6 July 1923 16 January 1926 2 years, 194 days
Bryukhanov, NikolaiNikolai Bryukhanov 16 January 1926 18 October 1930 4 years, 275 days
Hrynko, HryhoriyHryhoriy Hrynko 18 October 1930 16 August 1937 6 years, 302 days
Chubar, VlasVlas Chubar 16 August 1937 19 January 1938 0 years, 156 days
Zverev, ArsenyArseny Zverev (1st) 19 January 1938 15 March 1946 8 years, 55 days
Minister of Finance
Zverev, ArsenyArseny Zverev (1st) 15 March 1946 16 February 1948 1 year, 338 days
Kosygin, AlexeiAlexei Kosygin 16 February 1948 28 December 1948 0 years, 306 days
Zverev, ArsenyArseny Zverev (2nd) 28 December 1948 16 May 1960 11 years, 140 days
Garbuzov, VasilyVasily Garbuzov 16 May 1960 13 November 1985 25 years, 181 days
Gostev, BorisBoris Gostev 13 December 1985 7 June 1989 3 years, 175 days
Pavlov, ValentinValentin Pavlov 17 July 1989 26 December 1990 1 year, 162 days
Vladimir OrlovVladimir Orlov 7 March 1991 21 December 1991 0 years, 289 days
Rayevsky, VladimirVladimir Rayevsky 21 December 1991 4 February 1992 0 years, 45 days
First Deputy Minister of Finance (selected)
Poskonov, AlexeiAlexei Poskonov (1st) 15 March 1946 1948
Zverev, ArsenyArseny Zverev February 1948 December 1948
Garbuzov, VasilyVasily Garbuzov 1953 16 May 1960
Poskonov, AlexeiAlexei Poskonov (2nd) 16 May 1960 1963
Sitnin, VladimirVladimir Sitnin 1963 August 1965
Dementsev, VictorVictor Dementsev 1973 January 1986
Pavlov, ValentinValentin Pavlov January 1986 August 1986
Garetovsky, NikolaiNikolai Garetovsky August 1986 1987
Panskov, VladimirVladimir Panskov 1987 1991
Vladimir OrlovVladimir Orlov 1990 7 March 1991
Zverev, AndreiAndrei Zverev 1990 1992

Federal Ministers[edit]

No. Officeholder Term start Term end
1 Boris Fyodorov 14 July 1990 28 December 1990
2 Igor Lazarev 28 December 1990 11 November 1991
3 Yegor Gaidar 19 February 1992 2 April 1992
4 Vasily Barchuk 2 April 1992 25 March 1993
5 Boris Fyodorov 25 March 1993 26 January 1994
Acting Sergei Dubinin 26 January 1994 12 October 1994
Acting Andrey Vavilov 12 October 1994 4 November 1994
6 Vladimir Panskov 4 November 1994 14 August 1996
7 Alexander Livshitz 14 August 1996 17 March 1997
8 Anatoly Chubais 17 March 1997 20 November 1997
9 Mikhail Zadornov 20 November 1997 25 May 1999
10 Mikhail Kasyanov 25 May 1999 18 May 2000
11 Alexei Kudrin 18 May 2000 27 September 2011[11]
12 Anton Siluanov 27 September 2011 present

Further reading[edit]

English[edit]

  • Steven Rosefielde, The Russian Economy: From Lenin to Putin, 2007, 260 p.
  • Nihon Sōgō Kenkyūjo, The Russian economy: from stability to growth, Hoshino Committee on Economic Reform in Russia - 1996, 78 p.
  • Robert C. Stuart, Paul R. Gregory, The Russian economy: past, present, and future - 1995, 146 p.
  • Joseph R. Blasi, Maya Kroumova, Douglas Kruse, Kremlin capitalism: the privatization of the Russian economy - 1997, 249 p.
  • Steve H. Hanke, Lars Jonung, Kurt Schuler, Russian currency and finance: a currency board approach to reform - 1993 - 222 p.
  • David Stuart Lane, Russian banking: evolution, problems and prospects, 2002 - 268 p.

Russian[edit]

  • Ivan Bloich / Блиох И. С. Финансы России XIX столетия (СПб., 1882)
  • Вестник Финансов, Промышленности и Торговли (1894 г., № 5 и 8; 1895 г., № 7; 1896 г., № 21).
  • Высшие и центральные государственные учреждения России, 1801—1917 гг. СПб., 2001. Т. 2.
  • История Министерства финансов Российской Федерации. В 4 т. Т.1. 1903 - 1917. М., 2002.
  • Министерство финансов //Экономическая история России с древнейших времен до 1917 г. Энциклопедия. Т.1. М.: РОСПЭН, 2008
  • Соловьев Я.В. Министерство финансов Российской империи в 1858 - 1903 гг.: организация и функционирование. Диссертация на соискание ученой степени кандидата исторических наук. М., 2003.
  • Соловьев Я.В. Министерство финансов Российской империи в начале царствования Александра II (1856 - 1862 годы)//Вестник Московского государственного областного университета. Серия «История и политические науки». 2004. №3.
  • Соловьев Я.В. Бюрократический аппарат Министерства финансов в пореформенную эпоху //Вопросы истории. 2006. №7.
  • Dmitry Tolstoi / Толстой Д. А., История финансовых учреждений со времени основания государства до кончины императрицы Екатерины II (СПб., 1848)
  • Д. Н. Шилов, Государственные деятели Российской империи 1802—1917. С.-Петербург, 2002.
  • Государственная власть СССР. Высшие органы власти и управления и их руководители. 1923—1991 гг. Москва, 1999.

References[edit]

External links[edit]