Alexei Kudrin, who headed the Ministry of Finance of the Russian Federation for more than 11 years, was dismissed.
The reason was the statement Kudrin during a working trip to the United States. They were suggested that he might not be included in the government after the presidential election, if he was headed by Dmitry Medvedev. According to Alexei Kudrin, the reason for this lies in the fact that he doesn’t share Dmitry Medvedev’s point of view on many issues.
Many financial analysts have already said that this resignation will cost the Russian Federation dearly. For the time while Alexei Kudrin headed the Ministry of Finance, a stabilization fund was established, and the Paris Club was paid ahead of schedule. Also to the merits of Alexei Kudrin is the creation of the Stabilization Fund, which helped to survive the acute phase of the crisis.