The Ministry of Economic Development of the Russian Federation () is a federal ministry in the

Russian Government 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 ...

. The ministry is responsible for regulating and forming policies related to socioeconomic and business development in Russia.

History

Andrei Nechayev Andrey Alekseyevich Nechayev (; born February 2, 1953) is a Russian politician, scientist and economist. He served as the first economy minister of the Russian Federation from 1992 to 1993 in Viktor Chernomyrdin's First Cabinet. Nechayev is on ...

was the first minister in 1992. He was fired in 1993.

Andrei Shapovalyants Andrei, Andrey or Andrej (in Cyrillic script: Андрэй, Андрей or Андреј) is a form of Andreas/Ἀνδρέας in Slavic languages and Romanian. People with the name include: * Andrei of Polotsk (–1399), Lithuanian nobleman *And ...

replaced him. The Ministry has evolved in function and title over the years. In 1997, what was then known as the Ministry of Economy absorbed the Ministry of Defense, whose functions it carried solo until 1999, when the work of the Ministry of Defense was divided among five agencies. In 2000, at which point the agency was reconstituted as the Ministry of Economic Development and Trade,

Herman Gref German Oskarovich Gref (; born February 8, 1964) is a Russian politician and businessman. He was the Minister of Economics and Trade of Russia from May 2000 to September 2007. He has the federal state civilian service rank of 1st class Active S ...

was appointed to the role of minister, a title he held until 2007. Gref was succeeded by

Elvira Nabiullina Elvira Sakhipzadovna Nabiullina (born 29 October 1963) is a Russian economist and current governor of the Central Bank of Russia. She was President Vladimir Putin's economic adviser from May 2012 to June 2013 after serving as the minister of ec ...

in September of that year, and Nabiullina continued in that role until May 2012. During her term, in 2008, the Ministry of Economic Development and Trade transferred its responsibilities for developing policies around and overseeing regulation of trade to the new

Ministry of Trade and Industry A ministry of trade and industry, ministry of commerce, ministry of commerce and industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and ...

and was accordingly retitled the Ministry of Economic Development. On 21 May 2012,

Andrey Belousov Andrey Removich Belousov (born 17 March 1959) is a Russian politician and economist, serving as the Minister of Defence since May 2024. From January 2020 to May 2024, he served as First Deputy Prime Minister of Russia.

replaced Nabiullina as minister. Minister Yevgeny Yelin was appointed by 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 ...

in November 2016. His predecessor,

Alexey Ulyukaev Alexey Valentinovich Ulyukaev ( rus, Алексе́й Валенти́нович Улюка́ев, , ɐlʲɪkˈsʲej vəlʲɪnʲˈtʲinəvʲɪtɕ ʊlʲʊˈka(j)ɪf; born 23 March 1956) is a Russian politician, scientist, and economist. He has the ...

, had been arrested by the FSB for bribery.

List of economy ministers

References

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Economic Development In economics, economic development (or economic and social development) is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and object ...