After graduating from secondary school in 1975, Aksakov began studies at Moscow State University in the Economics Department in 1977.

After graduating in 1983 as a qualified economist, Aksakov served as a Deputy in the State Council of the Chuvash Republic.

[1] From 1997—2000, Aksakov was Deputy Chairman of the Cabinet and Minister of Economic Affairs of the Chuvash Republic.

In the 2005 State Duma elections, Aksakov was re-elected for the same district as a member of United Russia.

[1] In 2005, Aksakov graduated from the Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation as a specialist in the field of international relations.