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Kudrin to resign from key financial structures

October 11, 2011, 14:18 UTC+3

Late in September Kudrin said he did not agree with the political course of the country’s leaders

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MOSCOW, October 11 (Itar-Tass) —— Ex-Deputy Prime Minister, Finance Minister Alexei Kudrin will soon resign from the chief executive posts in the Council for Financial Markets, the National Banking Council and other structures, including international ones, in which he represented Russia’s interests,” Arkady Dvorkovich, assistant to the President, told journalists.

He explained that Kudrin would resign from various structures, “taking into account his resignation from the post of deputy prime minister – finance minister.” “Those posts should be held by working public servants,” stressed the representative of the Kremlin.

Responding to the question on time limits for the planned resignation of Kudrin from those structures, Dvorkovich said: “He will resign from those posts along with the settlement of procedural problems.”

Late in September Kudrin said he did not agree with the political course of the country’s leaders. In his opinion, defence spending are too big. The day after President Dmitry Medvedev suggested to Kudrin that he should tender his resignation.

Until recently Kudrin represented Russia in the World Bank and the International Monetary Fund. Besides, he presided at the EurAsEC anti-crisis foundation.

Deputy Finance Minister Sergey Storchak said recently that Kudrin would be replace by Acting Finance Minister Anton Siluanov at his posts in IMF, the World Bank and the EurAsEC anti-crisis foundation.

“We are making documents for Anton Germannovich [Siluanov] for the anti-crisis foundation. Documents for the posts of Russia’s representative in IMF and the World Bank will also be made soon,” he said.

The President chaired on Monday a meeting of the Council for the Development of the Financial Market, of which Kudrin is the president. “I hope that all those present in this conference hall, both those who worked here before and who joined the work recently (specifically the creation of an international financial centre) will devote their energy and will to making their contribution to the creation of the centre,” the President said at the beginning of the meeting and gave the floor to the head of the Council.

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