Ministry of Economic Development

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Ministry of Economic Development

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. At the time, Andrei Shapovalyants was the Economics Minister in Russia, having replacing his predecessor Andrei Nechayev when Nechayev was fired in 1993. In 2000, at which point the agency was reconstituted as the Ministry of Economic Development and Trade, Herman Gref was appointed to the role of minister, a title he held until 2007. Gref was succeeded by Elvira Nabiullina 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 and was accordingly retitled the Ministry of Economic Development. On 21 May 2012, Andrey Belousov replaced Nabiullina as minister. Current minister Yevgeny Yelin was appointed by President Vladimir Putin in November 2016. instead of Alexey Ulyukaev who was arrested by FSB for bribery.

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http://economy.gov.ru