The Ministry of Finance of the Russian Federation (), also known as ''MinFin'' (Минфин России), is a ministry of the

Government of Russia The Russian Government () or fully titled the Government of the Russian Federation () is the highest federal executive governmental body of the Russian Federation. It is accountable to the president of the Russian Federation and controlled by ...

responsible for financial policy and general management in the field of

finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

. The Ministry of Finance was formed from the Ministry of Finance of the USSR in 1992 and claims descent from the Ministry of Finance of the Russian Empire first established in 1780. It is headquartered at Ilinka Street 9 in

Tverskoy District Tverskoy District ( rus, Тверской район, p=tvʲɪrˈskoj, a=Ru-Тверской.ogg) is a administrative divisions of Moscow, district of Central Administrative Okrug of the federal cities of Russia, federal city of Moscow, Russia. P ...

Moscow Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents with ...

Anton Siluanov Anton Germanovich Siluanov ( rus, Анто́н Ге́рманович Силуа́нов, p=ɐnˈton ˈɡʲɛrmənəvʲɪtɕ sʲɪlʊˈanəf; born 12 April 1963) is a Russian politician and economist. He has the federal state civilian service r ...

has served as the Minister of Finance since September 2011.

History

The Treasury Governing body in

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

was established by Imperial Decree of

Catherine II Catherine II. (born Princess Sophie of Anhalt-Zerbst; 2 May 172917 November 1796), most commonly known as Catherine the Great, was the reigning empress of Russia from 1762 to 1796. She came to power after overthrowing her husband, Peter III ...

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 A manifesto is a written declaration of the intentions, motives, or views of the issuer, be it an individual, group, political party, or government. A manifesto can accept a previously published opinion or public consensus, but many prominent ...

of the Emperor

Alexander I Alexander I may refer to: * Alexander I of Macedon, king of Macedon from 495 to 454 BC * Alexander I of Epirus (370–331 BC), king of Epirus * Alexander I Theopator Euergetes, surnamed Balas, ruler of the Seleucid Empire 150-145 BC * Pope Alex ...

"On approval of the Ministries" was founded several ministries, including Ministry of Finance of the Russian Empire. In the

Soviet Union The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet ...

, 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 The president of Russia, officially the president of the Russian Federation (), is the executive head of state of Russia. The president is the chair of the Federal State Council and the supreme commander-in-chief of the Russian Armed Forces. I ...

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 A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, executive (government), execu ...

of the Russian Federative Soviet Republic (later the

) 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. 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 its annexation of Crimea, 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 Visa most commonly refers to: * Travel visa, a document that allows entry to a foreign country * Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Vi ...

declined to permit transactions at these banks for a number of hours, ostensibly because they had misinterpreted the sanctions document.

, then-current Minister of Finance, told reporters on 26 March that he had revived plans to develop a Russian alternative card payment system to cut its dependence on Visa and MasterCard after these disruptions in their service. 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." President

Vladimir Putin Vladimir Vladimirovich Putin (born 7 October 1952) is a Russian politician and former intelligence officer who has served as President of Russia since 2012, having previously served from 2000 to 2008. Putin also served as Prime Minister of Ru ...

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."

Structure

Departments

*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

* Federal Tax Service *

Federal Agency for State Property Management The Federal Agency for State Property Management (Rosimushchestvo) () is a subdivision of the Russian Ministry of Economic Development that manages Russia's federal state property. History The agency was formed by a presidential decree, No.314, ...

* Federal Treasury * Federal Customs Service * Federal Service for Alcohol Market Regulation * Gokhran *

Goznak Joint Stock Company "Goznak" (; short for , ) is a Russian joint-stock company responsible for research and development as well as manufacturing security products including banknotes, coins, stamps, identity cards, secure documents, state orde ...

List of finance ministers

, 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

* 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

External links

*
Ministry of Finance of the Russian Federation

Ministry of Finance of the Russian Federation
{{DEFAULTSORT:Ministry Of Finance (Russia)

Finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

Ministries established in 1780 Organizations based in Moscow 1780 establishments in the Russian Empire Finance in Russia Regulation in Russia Russian entities subject to U.S. Department of the Treasury sanctions