Andrey Petrovich Vavilov (; born 10 January 1961) is a Russian politician and businessman,

senator A senate is a deliberative assembly, often the upper house or Legislative chamber, chamber of a bicameral legislature. The name comes from the Ancient Rome, ancient Roman Senate (Latin: ''Senatus''), so-called as an assembly of the senior ...

and a former first Deputy Finance Minister of Russia, and the former Russian Secretary of State.

Early life

In 1985, he worked as an engineer and a junior researcher at the Central Economic Mathematical Institute, and in 1988 he took the position of a senior researcher at the Institute of Economics and Research and Technology Advancement Forecasts. In 1991, he headed a laboratory at the newly founded Institute for Market Problems of the USSR Academy of Sciences. From 1991 to 1992, he worked as a

researcher Research is creative and systematic work undertaken to increase the stock of knowledge. It involves the collection, organization, and analysis of evidence to increase understanding of a topic, characterized by a particular attentiveness to ...

at the Institute for International Economics in Washington D.C. That same year, in 1991, in a dacha outside Moscow, Vavilov, Konstantin Kagalovsky, and three others developed an economic platform for Russia.

First Deputy Finance Minister of Russia

In 1992 to 1997, Vavilov occupied offices in the Russian Ministry of Finance. From 5 November 1994 to 1 May 1997, Vavilov occupied the post of first deputy finance minister of Russia under Mikhail Kasyanov. While in office at the Finance Ministry, one of his responsibilities was negotiating with the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

, the

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and

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

Clubs. Under the supervision of Vavilov, the Russian Federation was assigned to its first international investment ratings in 1996. He initiated and arranged the issue of the first Russian eurobonds on the international market. From 1992 to 1997, Vavilov participated in the preparation of the G7 meetings concerning the financial aspects of the summit that resulted in relieving the financial burden of Russia by $25 billion per year. He represented Russia and Augustu da Silva Tomas represented Angola during the 1995-1996 Angola-Russia debt negotiations which led to "Angolagate". Angola had a $5.5 billion debt with the Soviet Union and later with Russia and the former president of the bank ''Russian Credit'' () Arkady Gaydamak, also known as Arye Bar-Lev (), was to be the executor of the financial transactions. In 1997, under an agreement to purchase oil from Angola's oil firm Sonangol worth $1.5 billion, the

Isle of Man The Isle of Man ( , also ), or Mann ( ), is a self-governing British Crown Dependency in the Irish Sea, between Great Britain and Ireland. As head of state, Charles III holds the title Lord of Mann and is represented by a Lieutenant Govern ...

registered firm ''Abalone Investments Limited'' which acted as an intermediary between Angola and Russia, transferred only $161 million out of the $773 million in the first and only tranche to the Russian Finance Ministry's account with Unikombank () with Abalone Investments keeping the remainder as a commission. According to French judge Daniel Deveaux, Gaydamak received 60% or $614 million stolen as a commission during the Russian scheme. Some money went to Dos Santos. The Swiss prosecutor Bernard Bertossa froze $750 million in Swiss accounts in Geneva during his investigation into $1.5 billion that allegedly went to Boris Yeltsin's 1996 campaign. In 1996, he was the treasurer of

Boris Yeltsin Boris Nikolayevich Yeltsin (1 February 1931 – 23 April 2007) was a Soviet and Russian politician and statesman who served as President of Russia from 1991 to 1999. He was a member of the Communist Party of the Soviet Union (CPSU) from 1961 to ...

's election campaign. Original website is https://aif.ru/archive/1663361 During tenure at the ministry of finance, he was close to both Oleg Boyko and Alexander Lebedev. On 3 February 1997, his car exploded outside of the Russian Ministry of Finance building but he was inside the building. He wrote off over $8 billion of

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and

Iraq Iraq, officially the Republic of Iraq, is a country in West Asia. It is bordered by Saudi Arabia to Iraq–Saudi Arabia border, the south, Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq border, the east, the Persian Gulf and ...

debts with MFK Bank before he stepped down as first deputy finance minister.

Businessman

On 15 May 1997, he replaced Alexander Khloponin () and became the President the MFK Bank () that is part of Mikhail Prokhorov's ONEKSIMbank-MFK group (). In July 1997, MFK combined with Stephen Jennings and Boris Jordan's Renaissance Capital () to form MFK-Renaissance Bank () with Boris Jordan as its president. Vavilov became a board member of Mikhail Prokhorov and Vladimir Potanin's Interros (). Between 1998 and 2002 he was the Head of the Institute for Financial Studies. On 16 March 1998, he became a financial advisor to the chairman of the management board of

Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐsˈprom) is a Russian State-owned enterprise, majority state-owned multinational Energy industry, energy corporation headquartered in the Lakhta Center in Saint Petersburg. The Gazprom name is a contract ...

. Between May 2000 to 2002, he was the chairman of the Board of Severnaya Neft which he obtained for $25 million and sold for $600 million to Igor Sechin's Rosneft. In 2002, he was elected as a member of the

Federation Council of Russia The Federation Council, unofficially Senate, is the upper house of the Federal Assembly (Russia), Federal Assembly of Russia, with the lower house being the State Duma. It was established by the Constitution of the Russian Federation in 1993 ...

representing the Penza Region Legislative Assembly.BIOGRAPHY
, ''avavilov.ru/en''.

Real estate holdings

*By February 1995, he had obtained a two-story penthouse at Trump Tower in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

and a house in

Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

. *As of 2007, he has a home in

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

. *In 2009, he became the beneficial owner of a 8,275 square feet $37.5 million penthouse in the Time Warner Center in New York City.

Writer

He is the author of the 2010 book, ''The Russian Public Debt and Financial Meltdowns''.Saul, Stephanie, and Louise Story
"At the Time Warner Center, an Enclave of Powerful Russians"
New York ''Times'', February 11, 2015. Retrieved 2015-02-11.

References

External links

Official site

on Lenta.ru site {{DEFAULTSORT:Vavilov, Andrey Petrovich 1961 births Living people Finance ministers of Russia Politicians from Perm, Russia People named in the Pandora Papers State University of Management alumni Members of the Federation Council of Russia (after 2000) Businesspeople from Perm, Russia