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Ministry of Finance (Russia)

The Ministry of Finance of the Russian Federation (Russian: Министерство финансов Российской Федерации), also known as MinFin (Минфин России), is a ministry of the Government of Russia responsible for financial policy and general management in the field of finance.

Ministry of Finance, MinFin
Минфин России

Headquarters of the ministry in Moscow
Agency overview
FormedOctober 24, 1780, as Expedition of state revenues
Preceding agency
JurisdictionFederal government of the Russian Federation
HeadquartersIlinka Street 9, Moscow
55°45′19″N 37°37′35″E / 55.75528°N 37.62639°E / 55.75528; 37.62639
Annual budget1611.8 billion rouble (FY 2011)[citation needed]
Agency executives
  • Anton Siluanov, Minister of Finance
  • Sergei Shatalov, State Secretary-Deputy Minister of Finance
  • Roman Artyukhin, Federal Treasurer of Russia
Child agencies
Websiteminfin.gov.ru
Seal of the Russian Ministry of Finance on coin

The Ministry of Finance was formed from the Ministry of Finance of the USSR in 1992 and claims descent from the Ministry of Finance of the Russian Empire first established in 1780. It is headquartered at Ilinka Street 9 in Tverskoy District, Moscow.[1]

Anton Siluanov has served as the Minister of Finance since September 2011.

History edit

The Treasury Governing body in Russia was established by Imperial Decree of Catherine II in October 24, 1780, as The Expedition of state revenues, which was, in fact, the beginning of the creation of state financial authority in Russia.

Manifesto of the Emperor Alexander I "On approval of the Ministries" was founded several ministries, including Ministry of Finance of the Russian Empire.[2]

In the Soviet Union, the Ministry was renamed as the Ministry of Finance (MOF USSR), which combines the Treasury of the Soviet republics, in particular the Ministry of Finance of the RSFSR.

The Ministry of Finance of the Russian Soviet Federative Socialist Republic was part of the Council of Ministers of the RSFSR and was under the authority of the Soviet Ministry of Finance under The Council of Ministers of the USSR, the official name of the Soviet government.

By Decree of the President of the RSFSR from November 11, 1991 (Presidential Decree № 190) The Ministry of Finance was merged with the Ministry of Economy of and the new ministry was called the Ministry of Economy and Finance of the Russian Federative Republic. Under Resolution of the Government of the Russian Federative Soviet Republic (later the Government of Russia) from November 15, 1991 (Resolution № 8) the Ministry of Finance was liquidated and its businesses and organizations transferred to the Ministry of Economy and Finance of the Russian Soviet Federative Socialist Republic.[3]

From December 25, 1991, to February 19, 1992, the Ministry was called Ministry of Economy and Finance. By Presidential Decree of February 19, 1992 № 156, it was again divided into two ministries - the Ministry of the Economy and Finance Ministry.

Because of the 2014 Crimean crisis, a number of Western countries aimed sanctions at Russia, with personal financial transactions by certain Russian individuals proscribed. Among these sanctioned individuals were Arkady Rotenberg and Boris Rotenberg, who also happened to be shareholders of certain Russian banks. On 24 March, MasterCard and Visa declined to permit transactions at these banks for a number of hours, ostensibly because they had misinterpreted the sanctions document.[4][5][6] Anton Siluanov, then-current Minister of Finance, told reporters on 26 March that he had revived plans to develop a Russian alternative card payment system to cut its dependence on Visa and MasterCard after these disruptions in their service.[7] Siluanov said that "The payments restriction by Visa and Mastercard at one bank made us start thinking very seriously how we can secure ourselves against this kind of cases."[7] President Vladimir Putin agreed the next day in conference with legislators: "This wasn’t our decision. We need to defend our interests. And we’ll do that. It is really too bad that certain companies have decided on [...] restrictions.[8] I think this will simply cause them to lose certain segments of the market - a very profitable market."[9][10]

Structure edit

Departments edit

  • Department of administration and control
  • Department of budgetary policy and methodology
  • Department of tax policy and customs schedule
  • Department of state debt and state financial assets
  • Department of financial policy
  • Department of regional budgets
  • Department of regulation of state financial control, auditing, accounting and records
  • Law Department
  • Department of budgetary policy in the sphere of military and law enforcement service and the state defense order
  • Administrative Department
  • Department of budgetary policy in the sphere of social welfare and science
  • Department of budgetary policy in the sphere of state management, judicial and public service
  • Department of development and execution of federal budget
  • Department of international financial relations
  • Department of information technologies in the sphere of budgeting and state and local finance management
  • Department of budgetary policy in the sphere of transport, roads, natural resources and agriculture
  • Department of budgetary policy in the sphere of innovation, civil industry, energetics, communication and public-private partnership

Subordinate authorities edit

List of finance ministers edit

Further reading edit

English edit

  • Steven Rosefielde, The Russian Economy: From Lenin to Putin, 2007, 260 p.
  • Nihon Sōgō Kenkyūjo, The Russian economy: from stability to growth, Hoshino Committee on Economic Reform in Russia - 1996, 78 p.
  • Robert C. Stuart, Paul R. Gregory, The Russian economy: past, present, and future - 1995, 146 p.
  • Joseph R. Blasi, Maya Kroumova, Douglas Kruse, Kremlin capitalism: the privatization of the Russian economy - 1997, 249 p.
  • Steve H. Hanke, Lars Jonung, Kurt Schuler, Russian currency and finance: a currency board approach to reform - 1993 - 222 p.
  • David Stuart Lane, Russian banking: evolution, problems and prospects, 2002 - 268 p.

Russian edit

  • Ivan Bloich / Блиох И. С. Финансы России XIX столетия (СПб., 1882)
  • Вестник Финансов, Промышленности и Торговли (1894 г., № 5 и 8; 1895 г., № 7; 1896 г., № 21).
  • Высшие и центральные государственные учреждения России, 1801—1917 гг. СПб., 2001. Т. 2.
  • История Министерства финансов Российской Федерации. В 4 т. Т.1. 1903 - 1917. М., 2002.
  • Министерство финансов //Экономическая история России с древнейших времен до 1917 г. Энциклопедия. Т.1. М.: РОСПЭН, 2008
  • Соловьев Я.В. Министерство финансов Российской империи в 1858 - 1903 гг.: организация и функционирование. Диссертация на соискание ученой степени кандидата исторических наук. М., 2003.
  • Соловьев Я.В. Министерство финансов Российской империи в начале царствования Александра II (1856 - 1862 годы)//Вестник Московского государственного областного университета. Серия «История и политические науки». 2004. №3.
  • Соловьев Я.В. Бюрократический аппарат Министерства финансов в пореформенную эпоху //Вопросы истории. 2006. №7.
  • Dmitry Tolstoi / Толстой Д. А., История финансовых учреждений со времени основания государства до кончины императрицы Екатерины II (СПб., 1848)
  • Д. Н. Шилов, Государственные деятели Российской империи 1802—1917. С.-Петербург, 2002.
  • Государственная власть СССР. Высшие органы власти и управления и их руководители. 1923—1991 гг. Москва, 1999.

References edit

  1. ^ Home page. Ministry of Finance. Retrieved on 4 December 2010. "Contact information 109097, Moscow, Ilinka Str. 9" - Address in Russian: "109097, Москва, ул. Ильинка, д.9"
  2. ^ History of Russian banking 2012-07-23 at the Wayback Machine, Institute for Banking by the Association of Russian Banks
  3. ^ Officially, between November 11, 1991, and February 19, 1992, the ministry was named Ministry of Economy and Finance the Russian Socialist Federative Soviet Republic (Russian Federation)
  4. ^ Petroff, Alanna (March 24, 2014). "Visa and MasterCard resume service at two Russian banks". CNNMoney.
  5. ^ Petroff, Alanna (March 21, 2014). "Visa, MasterCard and banks act on U.S. sanctions". CNNMoney.
  6. ^ Neuman, Scott (March 21, 2014). "Declined: Visa, MasterCard Freeze Out Targeted Russian Banks". NPR.
  7. ^ a b ""Russia renews plan for domestic alternative to Visa, Mastercard" 26 Mar 2014". Reuters.
  8. ^ "Аудиторская компания Москвы - «Факультет социальных программ»". fspaudit.ru.
  9. ^ "Putin 'sanctions' Visa, Master Card". www.euractiv.com. March 27, 2014.
  10. ^ "Putin touts Russian proxy for Visa-MasterCard after sanctions". www.bloomberg.com.

External links edit

  •   Media related to Ministry of Finance (Russia) at Wikimedia Commons
  • Ministry of Finance of the Russian Federation
  • Ministry of Finance of the Russian Federation (in Russian)

ministry, finance, russia, ministry, finance, russian, federation, russian, Министерство, финансов, Российской, Федерации, also, known, minfin, Минфин, России, ministry, government, russia, responsible, financial, policy, general, management, field, finance, m. The Ministry of Finance of the Russian Federation Russian Ministerstvo finansov Rossijskoj Federacii also known as MinFin Minfin Rossii is a ministry of the Government of Russia responsible for financial policy and general management in the field of finance Ministry of Finance MinFinMinfin RossiiHeadquarters of the ministry in MoscowAgency overviewFormedOctober 24 1780 as Expedition of state revenuesPreceding agencyExpedition of state revenuesMinistry of Finance of the Russian EmpireMinistry of Finance of the USSRJurisdictionFederal government of the Russian FederationHeadquartersIlinka Street 9 Moscow55 45 19 N 37 37 35 E 55 75528 N 37 62639 E 55 75528 37 62639Annual budget1611 8 billion rouble FY 2011 citation needed Agency executivesAnton Siluanov Minister of FinanceSergei Shatalov State Secretary Deputy Minister of FinanceRoman Artyukhin Federal Treasurer of RussiaChild agenciesFederal Tax ServiceFederal Agency for State Property ManagementFederal TreasuryFederal Customs ServiceFederal Service for Alcohol Market RegulationGokhranWebsiteminfin gov ru Seal of the Russian Ministry of Finance on coin The Ministry of Finance was formed from the Ministry of Finance of the USSR in 1992 and claims descent from the Ministry of Finance of the Russian Empire first established in 1780 It is headquartered at Ilinka Street 9 in Tverskoy District Moscow 1 Anton Siluanov has served as the Minister of Finance since September 2011 Contents 1 History 2 Structure 2 1 Departments 2 2 Subordinate authorities 3 List of finance ministers 4 Further reading 4 1 English 4 2 Russian 5 References 6 External linksHistory editSee also Ministry of Finance RSFSR and Ministry of Finance Soviet Union The Treasury Governing body in Russia was established by Imperial Decree of Catherine II in October 24 1780 as The Expedition of state revenues which was in fact the beginning of the creation of state financial authority in Russia Manifesto of the Emperor Alexander I On approval of the Ministries was founded several ministries including Ministry of Finance of the Russian Empire 2 In the Soviet Union the Ministry was renamed as the Ministry of Finance MOF USSR which combines the Treasury of the Soviet republics in particular the Ministry of Finance of the RSFSR The Ministry of Finance of the Russian Soviet Federative Socialist Republic was part of the Council of Ministers of the RSFSR and was under the authority of the Soviet Ministry of Finance under The Council of Ministers of the USSR the official name of the Soviet government By Decree of the President of the RSFSR from November 11 1991 Presidential Decree 190 The Ministry of Finance was merged with the Ministry of Economy of and the new ministry was called the Ministry of Economy and Finance of the Russian Federative Republic Under Resolution of the Government of the Russian Federative Soviet Republic later the Government of Russia from November 15 1991 Resolution 8 the Ministry of Finance was liquidated and its businesses and organizations transferred to the Ministry of Economy and Finance of the Russian Soviet Federative Socialist Republic 3 From December 25 1991 to February 19 1992 the Ministry was called Ministry of Economy and Finance By Presidential Decree of February 19 1992 156 it was again divided into two ministries the Ministry of the Economy and Finance Ministry Because of the 2014 Crimean crisis a number of Western countries aimed sanctions at Russia with personal financial transactions by certain Russian individuals proscribed Among these sanctioned individuals were Arkady Rotenberg and Boris Rotenberg who also happened to be shareholders of certain Russian banks On 24 March MasterCard and Visa declined to permit transactions at these banks for a number of hours ostensibly because they had misinterpreted the sanctions document 4 5 6 Anton Siluanov then current Minister of Finance told reporters on 26 March that he had revived plans to develop a Russian alternative card payment system to cut its dependence on Visa and MasterCard after these disruptions in their service 7 Siluanov said that The payments restriction by Visa and Mastercard at one bank made us start thinking very seriously how we can secure ourselves against this kind of cases 7 President Vladimir Putin agreed the next day in conference with legislators This wasn t our decision We need to defend our interests And we ll do that It is really too bad that certain companies have decided on restrictions 8 I think this will simply cause them to lose certain segments of the market a very profitable market 9 10 Structure editDepartments edit Department of administration and control Department of budgetary policy and methodology Department of tax policy and customs schedule Department of state debt and state financial assets Department of financial policy Department of regional budgets Department of regulation of state financial control auditing accounting and records Law Department Department of budgetary policy in the sphere of military and law enforcement service and the state defense order Administrative Department Department of budgetary policy in the sphere of social welfare and science Department of budgetary policy in the sphere of state management judicial and public service Department of development and execution of federal budget Department of international financial relations Department of information technologies in the sphere of budgeting and state and local finance management Department of budgetary policy in the sphere of transport roads natural resources and agriculture Department of budgetary policy in the sphere of innovation civil industry energetics communication and public private partnership Subordinate authorities edit Federal Tax Service Federal Agency for State Property Management Federal Treasury Federal Customs Service Federal Service for Alcohol Market Regulation Gokhran GoznakList of finance ministers editSee also List of finance ministers of RussiaFurther reading editEnglish edit Steven Rosefielde The Russian Economy From Lenin to Putin 2007 260 p Nihon Sōgō Kenkyujo The Russian economy from stability to growth Hoshino Committee on Economic Reform in Russia 1996 78 p Robert C Stuart Paul R Gregory The Russian economy past present and future 1995 146 p Joseph R Blasi Maya Kroumova Douglas Kruse Kremlin capitalism the privatization of the Russian economy 1997 249 p Steve H Hanke Lars Jonung Kurt Schuler Russian currency and finance a currency board approach to reform 1993 222 p David Stuart Lane Russian banking evolution problems and prospects 2002 268 p Russian edit Ivan Bloich Blioh I S Finansy Rossii XIX stoletiya SPb 1882 Vestnik Finansov Promyshlennosti i Torgovli 1894 g 5 i 8 1895 g 7 1896 g 21 Vysshie i centralnye gosudarstvennye uchrezhdeniya Rossii 1801 1917 gg SPb 2001 T 2 Istoriya Ministerstva finansov Rossijskoj Federacii V 4 t T 1 1903 1917 M 2002 Ministerstvo finansov Ekonomicheskaya istoriya Rossii s drevnejshih vremen do 1917 g Enciklopediya T 1 M ROSPEN 2008 Solovev Ya V Ministerstvo finansov Rossijskoj imperii v 1858 1903 gg organizaciya i funkcionirovanie Dissertaciya na soiskanie uchenoj stepeni kandidata istoricheskih nauk M 2003 Solovev Ya V Ministerstvo finansov Rossijskoj imperii v nachale carstvovaniya Aleksandra II 1856 1862 gody Vestnik Moskovskogo gosudarstvennogo oblastnogo universiteta Seriya Istoriya i politicheskie nauki 2004 3 Solovev Ya V Byurokraticheskij apparat Ministerstva finansov v poreformennuyu epohu Voprosy istorii 2006 7 Dmitry Tolstoi Tolstoj D A Istoriya finansovyh uchrezhdenij so vremeni osnovaniya gosudarstva do konchiny imperatricy Ekateriny II SPb 1848 D N Shilov Gosudarstvennye deyateli Rossijskoj imperii 1802 1917 S Peterburg 2002 Gosudarstvennaya vlast SSSR Vysshie organy vlasti i upravleniya i ih rukovoditeli 1923 1991 gg Moskva 1999 References edit Home page Ministry of Finance Retrieved on 4 December 2010 Contact information 109097 Moscow Ilinka Str 9 Address in Russian 109097 Moskva ul Ilinka d 9 History of Russian banking Archived 2012 07 23 at the Wayback Machine Institute for Banking by the Association of Russian Banks Officially between November 11 1991 and February 19 1992 the ministry was named Ministry of Economy and Finance the Russian Socialist Federative Soviet Republic Russian Federation Petroff Alanna March 24 2014 Visa and MasterCard resume service at two Russian banks CNNMoney Petroff Alanna March 21 2014 Visa MasterCard and banks act on U S sanctions CNNMoney Neuman Scott March 21 2014 Declined Visa MasterCard Freeze Out Targeted Russian Banks NPR a b Russia renews plan for domestic alternative to Visa Mastercard 26 Mar 2014 Reuters Auditorskaya kompaniya Moskvy Fakultet socialnyh programm fspaudit ru Putin sanctions Visa Master Card www euractiv com March 27 2014 Putin touts Russian proxy for Visa MasterCard after sanctions www bloomberg com External links edit nbsp Russia portal nbsp Economics portal nbsp Media related to Ministry of Finance Russia at Wikimedia Commons Ministry of Finance of the Russian Federation Ministry of Finance of the Russian Federation in Russian Retrieved from https en wikipedia org w index php title Ministry of Finance Russia amp oldid 1216932635, wikipedia, wiki, book, books, library,

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