Alexei Kudrin

[2] After graduating with degrees in finance and economics, Kudrin worked in the administration of Saint Petersburg's liberal Mayor Anatoly Sobchak.

As Finance Minister, Kudrin was widely credited with prudent fiscal management, commitment to tax and budget reform and championing the free market.

[3] Much of the revenue from exports was accumulated at the Stabilization Fund which helped Russia to come out of the 2008–2009 global financial crisis in a much better state than many experts expected.

[11] His first job was a motor mechanic and training assistant at the engine laboratory of the Academy of Procurement and Transportation of the Defense Ministry of the Soviet Union, before entering Leningrad State University to study economy.

In December 1985, he entered the internal postgraduate school at the Institute of Economics of the Academy of Sciences of the Soviet Union, where he later received his PhD.

[12] Kudrin has authored over 15 scientific works in the fields economics and finance,[11] including topics such as competition and anti-monopoly policy in the Soviet economy of the transition period.

[16] John P. Willerton regards Kudrin and Herman Gref as the leading intellectual forces in crafting of the economic policies of the Putin and Medvedev presidencies.

[18] During Putin's presidency, Russia's macroeconomic policies were highly prudent, and extra income from oil exports was put in stabilization funds.

Alexander Osin, chief economist at Finam Management, regards the Stabilization Fund as one of Kudrin's main achievements.

Simon Pirani, writing for Emerging Markets, praised Kudrin's refusal to be "blown off course by other ministers' whims" in his quest to repay the debt.

He also credited Kudrin with sound conduct of the ruble exchange rate and capable fiscal management that has arguably helped to prevent the most serious problems of the so-called Dutch disease.

[18] In 2006, Kudrin received the award "Best Finance Minister of a Developing European Country" by the Emerging Markets newspaper, published by the IMF and the World Bank.

[20] As the father and supporter of the prudent fiscal management policies, Kudrin had to endure strong criticism from other members of the government, who believed the money should instead be invested in the country's development.

[22] The savings later proved crucial in helping Russia to come out of the financial crisis in a much better state than many experts had expected,[4] and Kudrin was widely credited for his policies.

[25] Although he has often spoken in favour of privatisation and lessening the state role in economy, Kudrin also supported the creation of the so-called national champions.

According to Euromoney, the Stabilization Fund created and supported by Kudrin also "enabled Russia to pay off its foreign debt early", and noted that "Kudrin is rightly praised for his commitment to tax and budget reform, Russia’s desire to join the World Trade Organization (WTO) and continuing the progress in privatization.

Bringing back the previous opportunities when it comes to foreign investment and trust in the rouble can be achieved only within seven to 10 years of growth of our economy.

State Duma deputy from the party A Just Russia Mikhail Emelyanov considered this statement Kudrin's entry into the presidential race.

[37] This was the most anticipated nomination, as pundits observed that Kudrin's role in the new government would set the degree of reformative policies under Putin's fourth term.

The low-importance of the position led some observers to speculate that this development signals that the new government has no sizable plans for economic reforms.

[45] On 29 November 2022, Alexei Kudrin announced his intention to resign as chairman of the Accounts Chamber in order to work in the private sector.

[49] At the end of September, Pavel Demidov, a longtime employee of Kudrin, moved from the Accounts Chamber to Yandex to the position of GR manager.

Dmitry Kozak, Alexei Kudrin and Mikhail Kasyanov in 2003
Kudrin meeting with President Dmitry Medvedev on 27 May 2008
Kudrin at his confirmation hearing in the State Duma on 22 May 2018
Kudrin during the inauguration of the President of the INTOSAI