Boris Grigoryevich Fyodorov (russian: Борис Григорьевич Фёдоров) (13 February 1958 in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...

– 20 November 2008 in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

) was a Russian economist,

politician A politician is a person active in party politics, or a person holding or seeking an elected office in government. Politicians propose, support, reject and create laws that govern the land and by an extension of its people. Broadly speaking, a ...

, and reformer.

Early life

He was awarded a doctor of economics degree from the

Moscow Finance Institute Financial University under the Government of the Russian Federation (FinU or Financial University) (Russian: Финансовый университет при Правительстве Российской Федерации) is a public univer ...

and authored over 200 publications.

Career

In 1988 working very closely with Fyodorov, Alexander Zhukov, and Kirill Ugolnikov (russian: Кирилл Угольников),

Deloitte & Touche Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of profession ...

began providing services to the

Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national ...

and continued with

Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

.) was a General Director of Deloitte & Touche CIS and then became First Deputy Minister for Taxes and Levies of the Russian Federation. Later, he worked as the director of the tax department in the firm ''Vneshurkollegiya'' or ''Vneshyurkollegiya'' (russian: директор налогового департамента АО «Внешюрколлегия») The president of Vneshurkollegiya is Alexander Treshchev (russian: Александр Трещев). Alexander Stanislavovich Treshchev (russian: Александр Станиславович Трещев; born 28 January 1964, Ozyorsk,

Chelyabinsk Oblast Chelyabinsk Oblast (russian: Челя́бинская о́бласть, ''Chelyabinskaya oblast'') is a federal subject (an oblast) of Russia in the Ural Mountains region, on the border of Europe and Asia. Its administrative center is the city ...

USSR The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen nationa ...

) was the best lawyer in Russia according to the magazine Litsa (russian: «Лица») in 2002 and 2003, lives in an apartment in

Trump Tower Trump Tower is a 58-story, mixed-use skyscraper at 721–725 Fifth Avenue in the Midtown Manhattan neighborhood of New York City, between East 56th and 57th Streets. The building contains the headquarters for the Trump Organization, as well ...

, and is a close friend of

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pe ...

. Fyodorov was Minister of Finance of the Russian SFSR (as a constituent of the

) in 1990. From 1991 to 1992 he worked for the

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focus ...

in London. In 1992 he became director of the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

. He served as Finance Minister of Russia from 1993 until 1994, when he resigned. While he was at the Ministry of Finance (MinFin), he brought to MinFin Segei Aleksashenko, Andrey Kazmin, Igor Selivanov, and

Mikhail Kasyanov Mikhail Mikhailovich Kasyanov ( rus, link=no, Михаи́л Миха́йлович Касья́нов, , mʲɪxɐˈil mʲɪˈxajləvʲɪtɕ kɐˈsʲjanəf; born 8 December 1957) is a Russian politician who served as Prime Minister of Russia fr ...

. Fyodorov was a member of the

State Duma The State Duma (russian: Госуда́рственная ду́ма, r=Gosudárstvennaja dúma), commonly abbreviated in Russian as Gosduma ( rus, Госду́ма), is the lower house of the Federal Assembly of Russia, while the upper house ...

between 1994 and 1998. From 14 August 1998 until 28 September 1998, he became a tax minister and

Deputy Prime Minister of Russia A Deputy Chairman of the Government of the Russian Federation (russian: Заместитель председателя Правительства Российской Федерации) is a member of the Government of Russia. The post is co ...

during the Russian financial crisis which began on 17 August 1998.

United Financial Group

In 1994, he and Charles Ryan, a United States banker and

Libertarian Libertarianism (from french: libertaire, "libertarian"; from la, libertas, "freedom") is a political philosophy that upholds liberty as a core value. Libertarians seek to maximize autonomy and political freedom, and minimize the state's e ...

, founded United Financial Group (UFG), an investment bank with Charles Ryan as its chairman, which, in 2005, was sold to

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

. United Financial Group was established with a Moscow based parent firm and an

Isle of Man ) , anthem = "O Land of Our Birth" , image = Isle of Man by Sentinel-2.jpg , image_map = Europe-Isle_of_Man.svg , mapsize = , map_alt = Location of the Isle of Man in Europe , map_caption = Location of the Isle of Man (green) in Europe ...

based United Financial Group firm managing its shell companies around the world. The address of the Isle of Man based UFG firm is the same address as the Isle of Man office of

. Fyodorov was a member of various boards including

Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the larges ...

, Sberbank and Ingosstrakh. In February 2002, while Fyodorov was an independent director of Gazprom, he stated that

PricewaterhouseCoopers PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...

(PwC) signed off on poorly performed audits of natural gas firm interactions such as Gazprom-Itera because PwC wanted to keep the account with Gazprom saying "If an auditor knows it cannot do a proper review, then it is just doing it for the money." Further, he said that any audits by

into the Gazprom-Itera interactions were strongly opposed by Gazprom management. He was also a general partner of UFG Private Equity starting from 2006. Fyodorov died from a

stroke A stroke is a medical condition in which poor blood flow to the brain causes cell death. There are two main types of stroke: ischemic, due to lack of blood flow, and hemorrhagic, due to bleeding. Both cause parts of the brain to stop functionin ...

on 20 November 2008 in

England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...

, at the age of 50.Boris Fyodorov, 50, Dies; Guided Reforms in Russia
''

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

'', 21 November 2008

Notes

References

{{DEFAULTSORT:Fyodorov, Boris 1958 births 2008 deaths Economists from Moscow Communist Party of the Soviet Union members People's Freedom Party politicians Deputy heads of government of the Russian Federation Finance ministers of Russia First convocation members of the State Duma (Russian Federation) Second convocation members of the State Duma (Russian Federation) Gazprom people Burials in Troyekurovskoye Cemetery Financial University under the Government of the Russian Federation alumni