|Deputy Finance Minister of Russia|
8 June 1954 |
Olevsk, Zhytomyr Oblast
|Nationality||Soviet / Russian|
|Political party||No affiliation|
recorded September 2012
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Sergei Anatolievich Storchak (Russian: Серге́й Анатольевич Сторча́к) (born 8 June 1954 in Olevsk, Zhytomyr Oblast, Ukraine SSR) is a Deputy Finance Minister of Russia. Storchak became one of Russia's three deputy finance ministers in November 2005. He specialized in international financial relations, and was a prominent figure in negotiations over paying off Soviet-era debt. He negotiated Russia's repayment of its debt to the Paris Club of creditor nations, which it completed last year. In April 2009, he was charged with attempted fraud and embezzlement of state funds.
On 15 November 2007, Storchak was detained by the Russian police as a part of a criminal investigation. "The detention took place outside the ministry. It may be related to criminal cases against a third party, not finance ministry officials," the ministry said in a statement. Prosecutors later confirmed the detention of Storchak and two businessmen on suspicion of "attempting large-scale embezzlement from the Russian state budget through fraud". In autumn 2009, he was released from custody and put on a travel ban.
In April 2009, Storchak was charged with attempted fraud, 18 months after his detention. "It may be said without exaggeration that the best finance and economy experts, including the incumbent and former finance minister deputies, were involved in a plan in recent years to embezzle large amounts of state funds," said Alexander Bastrykin, the head of the Investigation Committee at the Prosecutor's Office. If convicted, Storchak faces between five and 10 years in prison. On 31 January 2011, Russia's Investigative Committee announced that all charges had been dropped against Storchak, for lack of evidence.
Some analysts have speculated that Storchak's case may be a sign of power struggle within the Kremlin between free-market liberals like Russian Finance Minister Alexei Kudrin and conservative elements favoring a greater role for the state in the economy.
- Сергей Анатольевич Сторчак Archived 2007-10-24 at the Wayback Machine. Official website of the Ministry of Finance of RF.
- Russian Deputy Finance Minister Detained Associated Press, 16 November 2007. Archived November 22, 2007, at the Wayback Machine.
- "Russian finance official Storchak charged with attempted fraud". RIA Novosti. 2009-04-16. Retrieved 2009-08-04.
- Russian police detain deputy finance minister Reuters, 16 November 2007.
- Prosecutors confirm detention of Russian Deputy Finance Minister Storchak Archived 2007-11-22 at the Wayback Machine. Interfax, 17 November 2007.
- "Russian court dismisses finance official's complaint - paper". RIA Novosti. 2009-08-04. Retrieved 2009-08-04.
- "Russian investigator accuses deputy finance ministers of fraud". RIA Novosti. 2009-02-12. Retrieved 2009-08-04.
- "The decline of siloviki and the rise of the medvedev tandem". Russia Other Points of View. 2011-02-22. Retrieved 2011-03-09.
- Ministry of Finance of Russia Official website