Russian President Vladimir Putin appointed 34-year old Maxim Oreshkin to the office of the Minister of Economic Development

Maxim Oreshkin named Russian Economy Minister


President Vladimir Putin named deputy finance minister Maxim Oreshkin as Russia’s new economy minister on Wednesday, two weeks after the post’s previous holder was detained and accused of bribery.

Upon appointment, Oreshkin told Putin that his main task for 2017 was finding measures that would boost economic growth in Russia.

«You are working not too long but quite a lot in broad terms and successfully. I want to offer the position of the economy development minister to you,» said Putin.

«I agree,» Maxim Oreshkin answered.

Oreshkin held executive positions with Rosbank, Credit Agricole, and VTB Capital. Oreshkin worked in the Ministry of Finance from 2013 and was appointed as the Deputy Finance Minister in March 2015.

«Oreshkin is a great expert in macroeconomics. I don’t know anyone on the market who would be better than him in macroeconomics,» Finance Minister Anton Siluanov said on Wednesday, commenting on his deputy’s appointment.

Alexei Ulyukayev, the ex-economy minister, was accused of trying to extort a bribe from Russian oil major Rosneft, an allegation he denies. He is currently under house arrest.