Alexey Ulyukaev

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Alexey Ulyukaev
Алексе́й Улюкаев
Alexey Ulyukaev.jpeg
Minister of Economic Development
In office
24 June 2013 – 15 November 2016
Prime Minister Dmitry Medvedev
Preceded by Andrey Belousov
Succeeded by Maxim Oreshkin
Personal details
Born Alexey Valentinovich Ulyukaev
(1956-03-23) 23 March 1956 (age 62)
Soviet Union, now Russia
Alma mater Moscow State University

Alexey Valentinovich Ulyukaev (Russian: Алексе́й Валенти́нович Улюка́ев, pronounced [ɐlʲɪkˈsʲej vəlʲɪnʲˈtʲinəvʲɪt͡ɕ ʊlʲʉˈkajɪf]; born 23 March 1956, Moscow) is a Russian politician, scientist, and economist. Between 24 June 2013 and 15 November 2016, he held the office of Minister of Economic Development of the Russian Federation[1] in Dmitry Medvedev's Cabinet. From 2004 to 2013, he held the post of Deputy Chairman of the Central Bank of Russia. He holds a Doctorate of Economic Sciences. He is currently serving an eight-year prison term in a penal colony on the outskirts of Tver.[2]

Arrest and investigation[edit]

The Investigative Committee of Russia announced that Ulyukaev had been detained in November 2016 due to allegations that he received a $2 million bribe for an assessment that led to the Kremlin-controlled oil company Rosneft's acquisition of a 50% stake in Bashneft.[3] This followed an apparent sting operation after months of surveillance.[4] On the same day, Vladimir Putin dismissed him from the ministerial position.[5] His trial commenced in August 2017.[6]

The organizer of this apparent sting was Rosneft chief and Putin confidante Igor Sechin. Sechin, a key witness in the trial, was summoned four times by the defence, but refused to be cross-examined.[7] Ulyukayev compared his prosecution to the show trials of the 1930s.

On 15 December 2017, Ulyukaev was found guilty and sentenced to eight years in a strict-regime labour colony and fined 130 million roubles.[8]


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