Alexei Kudrin is a Russian political figure who served in the government of Russia as Minister of Finance.
Currently, he is the Dean of the Faculty of Liberal Arts and Sciences in St. Petersburg State University.
Education
He graduated Leningrad State University in 1983, and got an internship at the Leningrad Institute of Social and Economic Problems. In December 1985, he entered the internal postgraduate school at the Institute of Economics of the Academy of Sciences of the Soviet Union, where he later received his PhD. He then worked as a researcher at the Institute of Social and Economic Problems of the Academy of Sciences. Kudrin has authored over 15 scientific works in the fields economics and finance, including topics such as competition and anti-monopoly policy in the Soviet economy of the transition period.
Career
After graduating with degrees in finance and economics, Kudrin worked in the administration of Saint Petersburg's liberal Mayor Anatoly Sobchak. In 1996 he started working in the Presidential Administration of Boris Yeltsin. He was appointed as Finance Minister on 28 May 2000 and held the post for 11 years, making him the longest-serving Finance Minister in post-Soviet Russia. In addition, he was Deputy Prime Minister in 2000–2004 and again beginning in 2007. As Finance Minister, Kudrin was widely credited with prudent fiscal management, commitment to tax and budget reform and championing the free market.
Under Kudrin, Russia's government paid most of the substantial foreign debt it had accumulated in the 1990s, leaving the country with one of the lowest foreign debts among major economies. Much of the revenue from exports was accumulated at the Stabilization Fund which helped Russia to come out of the 2008-2009 global financial crisis in a much better state than many experts expected. During his career, Kudrin has won several awards, including the "Finance Minister of the Year 2010" prize from Euromoney magazine. He was asked to resign from his position on 26 September 2011 by President Dmitry Medvedev.
Politics
Although he has often spoken in favour of privatisation and lessening the state role in economy, Kudrin also supported the creation of the so-called national champions. Kudrin has said that the state's role in the oil industry should not be increased, and has indicated that the purchase of Sibneft by Gazprom and the merger of some former Yukos assets to state-controlled oil company Rosneft were taken at a particular stage of the restructuring of the sector. According to Kudrin, "no-one regards state ownership of such assets as an end in itself" and "we are not going to see a continuous strengthening of the state’s position."
As Finance Minister, Kudrin has also supported increasing the retirement age and cutting down on bureaucracy. For his policies, he has often been the target of criticism, especially from the United Russia party, which he has refused to join.