Viktor Gerashchenko was born in Leningrad on 21 December 1937. His father was a leading Soviet banker who ran the Financial Department of the Foreign Office in the 1940s before ending his career as deputy chairman of the State Bank.[1] Due to his father's connections, Viktor made a brilliant career in the Soviet banking system. At the age of 28 he became director of the first Soviet bank abroad, Moscow Narodny Bank, based in London.
In 1982 Gerashcheko moved to work in the Vneshtorgbank, responsible for the Soviet foreign trade. Seven years later he was appointed chairman of the Board of the USSR State Bank. In 1991, Gerashchenko became the last chairman of the State Bank of the USSR. For three years, which proved to be some of the most difficult for the Russian national economics, he steered the nascent banking system as chairman of the Bank of Russia.
For approximately seven years during the 1990s, the Kremlin's obshchak («общак») or black cash was stored in the vaults of Vnesheconombank (VEB) because Gerashchenko stated that in 1992 VEB became an agency for the return of the state debt of the USSR due to a decree by the Supreme Soviet: "Vnesheconombank does not have a central banking license. It does not need it, since it does not conduct any commercial operations." He also added, "Due to the lack of a license, this is the only Russian bank that the Central Bank does not check – it does not have the right."[2]
His activities as Central Bank chair were controversial: for example, he was accused of illegally supplying money to the anti-reform forces in the Supreme Soviet during the 1993 Russian Constitutional Crisis. Gerashchenko has also been accused of being largely responsible for the Russian "Black Tuesday" of October 1994, when the Russian ruble crashed 24 percent in one day. Former Harvard economist Jeffrey Sachs in 1995 called Gerashchenko "the worst central banker in the world."[3]
Gerashchenko resigned in 1994, but returned to the office following the 1998 Russian financial crisis. Under his leadership, the economy of Russia rapidly recovered after the excruciating default. Gerashchenko made frequent TV appearances and became quite popular for his sardonic, dry sense of humor.
In March 2002 Gerashchenko resigned again, citing his advanced age, and accepted the post of chairman of the board in the notorious oil company Yukos. He then joined the Rodina party as a co-chairman and made it to the State Duma as their representative.[4]
He was originally believed to have been acting as a back-up candidate to Rodina leader Sergey Glazyev, in case something were to prevent Glazyev from running.[5] However, a divide between Glazyev and Geraschchenko became apparent when Rodina nominated Geraschchenko for president instead of Glazyev.[6]
Geraschenko was ultimately refused registration by the Central Election Commission due to a technicality.[6] The Supreme Court upheld his disqualification.[6]
Wikimedia Commons has media related to Viktor Gerashchenko.
^Кротов, Николай (Krotov, Nikolai) [in Russian]. [The Way of Hercules (debacle): the story of the banker Viktor Gerashchenko, told by him to Nikolai Krotov]. knigosite.org (in Russian). Archived from the original on 19 March 2022. Retrieved 7 April 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
^Наталья, Морарь (Morar, Natalia) (10 December 2007). "«ЧЕРНАЯ КАССА» КРЕМЛЯ" [THE KREMLIN'S BLACK CASH REGISTER]. The New Times (in Russian). Retrieved 13 September 2022. «У Внешэкономбанка нет лицензии ЦБ на банковскую деятельность. Она ему и не нужна, поскольку никаких коммерческих операций он не проводит, — говорит бывший глава Банка России. — В связи с отсутствием лицензии это единственный российский банк, который Центробанк не проверяет — не имеет права».{{cite news}}: CS1 maint: multiple names: authors list (link)
^. 21 February 2006. Archived from the original on 2006-02-21.
^"RUSSIAN ELECTION WATCH Vol.3, No.4" (PDF). www.belfercenter.org. Harvard University (Belfer Center for Science & International Affairs, Davis Center for Russian & Eurasian Studies) and Indiana University-Bloomington. January 2004. Retrieved October 29, 2018.
^ abc"RUSSIAN ELECTION WATCH Vol.3, No.5" (PDF). www.belfercenter.org. Harvard University (Belfer Center for Science & International Affairs, Davis Center for Russian & Eurasian Studies) and Indiana University-Bloomington. February 2004. Retrieved October 29, 2018.
^. 25 May 2011. Archived from the original on 2011-05-25.
October 16, 2023
viktor, gerashchenko, viktor, vladimirovich, gerashchenko, russian, Ви, ктор, Влади, мирович, Гера, щенко, born, december, 1937, leningrad, soviet, union, nicknamed, gerakl, russian, version, heracles, sometimes, debacle, chairman, soviet, state, bank, russian. Viktor Vladimirovich Gerashchenko Russian Vi ktor Vladi mirovich Gera shenko born 21 December 1937 Leningrad Soviet Union nicknamed Gerakl the Russian version of Heracles or sometimes of debacle was the chairman of the Soviet State bank and the Russian Central Bank during much of the Perestroika and post Perestroika periods Viktor Gerashchenko Contents 1 Biography 2 Presidential candidacies 2 1 2004 2 2 2008 3 Honours and awards 4 ReferencesBiography EditViktor Gerashchenko was born in Leningrad on 21 December 1937 His father was a leading Soviet banker who ran the Financial Department of the Foreign Office in the 1940s before ending his career as deputy chairman of the State Bank 1 Due to his father s connections Viktor made a brilliant career in the Soviet banking system At the age of 28 he became director of the first Soviet bank abroad Moscow Narodny Bank based in London In 1982 Gerashcheko moved to work in the Vneshtorgbank responsible for the Soviet foreign trade Seven years later he was appointed chairman of the Board of the USSR State Bank In 1991 Gerashchenko became the last chairman of the State Bank of the USSR For three years which proved to be some of the most difficult for the Russian national economics he steered the nascent banking system as chairman of the Bank of Russia For approximately seven years during the 1990s the Kremlin s obshchak obshak or black cash was stored in the vaults of Vnesheconombank VEB because Gerashchenko stated that in 1992 VEB became an agency for the return of the state debt of the USSR due to a decree by the Supreme Soviet Vnesheconombank does not have a central banking license It does not need it since it does not conduct any commercial operations He also added Due to the lack of a license this is the only Russian bank that the Central Bank does not check it does not have the right 2 His activities as Central Bank chair were controversial for example he was accused of illegally supplying money to the anti reform forces in the Supreme Soviet during the 1993 Russian Constitutional Crisis Gerashchenko has also been accused of being largely responsible for the Russian Black Tuesday of October 1994 when the Russian ruble crashed 24 percent in one day Former Harvard economist Jeffrey Sachs in 1995 called Gerashchenko the worst central banker in the world 3 Gerashchenko resigned in 1994 but returned to the office following the 1998 Russian financial crisis Under his leadership the economy of Russia rapidly recovered after the excruciating default Gerashchenko made frequent TV appearances and became quite popular for his sardonic dry sense of humor In March 2002 Gerashchenko resigned again citing his advanced age and accepted the post of chairman of the board in the notorious oil company Yukos He then joined the Rodina party as a co chairman and made it to the State Duma as their representative 4 Presidential candidacies Edit2004 Edit Gerashchenko ran in the 2004 Russian presidential election He was originally believed to have been acting as a back up candidate to Rodina leader Sergey Glazyev in case something were to prevent Glazyev from running 5 However a divide between Glazyev and Geraschchenko became apparent when Rodina nominated Geraschchenko for president instead of Glazyev 6 Geraschenko was ultimately refused registration by the Central Election Commission due to a technicality 6 The Supreme Court upheld his disqualification 6 2008 Edit Four years later he considered running as an opposition candidate in the 2008 Russian Presidential election 7 Honours and awards EditOrder For Merit to the Fatherland 3rd class Order For Merit to the Fatherland 4th class Order of Honour Order of the Red Banner of Labour Order of Friendship of Peoples Medal For Labour Valour Jubilee Medal In Commemoration of the 100th Anniversary of the Birth of Vladimir Ilyich Lenin Jubilee Medal 300 Years of the Russian Navy Medal In Commemoration of the 850th Anniversary of Moscow References Edit nbsp Wikimedia Commons has media related to Viktor Gerashchenko Krotov Nikolaj Krotov Nikolai in Russian Put Gerakla istoriya bankira Viktora Gerashenko rasskazannaya im Nikolayu Krotovu chitat The Way of Hercules debacle the story of the banker Viktor Gerashchenko told by him to Nikolai Krotov knigosite org in Russian Archived from the original on 19 March 2022 Retrieved 7 April 2022 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link Natalya Morar Morar Natalia 10 December 2007 ChERNAYa KASSA KREMLYa THE KREMLIN S BLACK CASH REGISTER The New Times in Russian Retrieved 13 September 2022 U Vneshekonombanka net licenzii CB na bankovskuyu deyatelnost Ona emu i ne nuzhna poskolku nikakih kommercheskih operacij on ne provodit govorit byvshij glava Banka Rossii V svyazi s otsutstviem licenzii eto edinstvennyj rossijskij bank kotoryj Centrobank ne proveryaet ne imeet prava a href Template Cite news html title Template Cite news cite news a CS1 maint multiple names authors list link Who s Who in Primakov s New Russian Government 21 February 2006 Archived from the original on 2006 02 21 Lenta novostej www afn by RUSSIAN ELECTION WATCH Vol 3 No 4 PDF www belfercenter org Harvard University Belfer Center for Science amp International Affairs Davis Center for Russian amp Eurasian Studies and Indiana University Bloomington January 2004 Retrieved October 29 2018 a b c RUSSIAN ELECTION WATCH Vol 3 No 5 PDF www belfercenter org Harvard University Belfer Center for Science amp International Affairs Davis Center for Russian amp Eurasian Studies and Indiana University Bloomington February 2004 Retrieved October 29 2018 Dokument ne najden 25 May 2011 Archived from the original on 2011 05 25 Retrieved from https en wikipedia org w index php title Viktor Gerashchenko amp oldid 1179922047, wikipedia, wiki, book, books, library,
