| Министерство финансов Российской Федерации Ministerstvo Finansov Rossiiskoi Federatsii | |
 | |
 | |
 Headquarters of the ministry in Moscow | |
| Agency overview | |
|---|---|
| Formed | October 24, 1780, as Expedition of state revenues |
| Preceding agency |
|
| Jurisdiction | Federal government of the Russian Federation |
| Headquarters | Ilinka Street 9,Moscow 55°45′19″N37°37′35″E / 55.75528°N 37.62639°E /55.75528; 37.62639 |
| Annual budget | 1611.8 billion rouble (FY 2011)[citation needed] |
| Agency executives |
|
| Child agencies | |
| Website | minfin.gov.ru |
TheMinistry of Finance of the Russian Federation (Russian:Министерство финансов Российской Федерации), also known asMinFin (Минфин России), is aministry of theGovernment of Russia responsible forfinancial policy and general management in the field offinance.
The Ministry of Finance was formed from theMinistry of Finance of the USSR in 1992 and claims descent from theMinistry of Finance of the Russian Empire first established in 1780. It is headquartered at Ilinka Street 9 inTverskoy District,Moscow.[1]
Anton Siluanov has served as the Minister of Finance since September 2011.
The Treasury Governing body inRussia was established by Imperial Decree ofCatherine II in October 24, 1780, as The Expedition of state revenues, which was, in fact, the beginning of the creation of state financial authority in Russia.
Manifesto of the EmperorAlexander I "On approval of the Ministries" was founded several ministries, includingMinistry of Finance of the Russian Empire.[2]
In theSoviet Union, the Ministry was renamed as the Ministry of Finance (MOF USSR), which combines the Treasury of the Soviet republics, in particular the Ministry of Finance of the RSFSR.
The Ministry of Finance of the Russian Soviet Federative Socialist Republic was part of the Council of Ministers of the RSFSR and was under the authority of the Soviet Ministry of Finance under The Council of Ministers of the USSR, the official name of the Soviet government.
By Decree of thePresident of the RSFSR from November 11, 1991 (Presidential Decree № 190) The Ministry of Finance was merged with the Ministry of Economy of and the new ministry was called the Ministry of Economy and Finance of the Russian Federative Republic. Under Resolution of theGovernment of theRussian Federative Soviet Republic (later theGovernment of Russia) from November 15, 1991 (Resolution № 8) the Ministry of Finance was liquidated and its businesses and organizations transferred to the Ministry of Economy and Finance of the Russian Soviet Federative Socialist Republic.[3]
From December 25, 1991, to February 19, 1992, the Ministry was called Ministry of Economy and Finance. By Presidential Decree of February 19, 1992 № 156, it was again divided into two ministries - the Ministry of the Economy and Finance Ministry.
Because ofits annexation of Crimea, a number of Western countries aimedsanctions at Russia, with personal financial transactions by certain Russian individuals proscribed. Among these sanctioned individuals wereArkady Rotenberg andBoris Rotenberg, who also happened to be shareholders of certain Russian banks. On 24 March,MasterCard andVisa declined to permit transactions at these banks for a number of hours, ostensibly because they had misinterpreted the sanctions document.[4][5][6]Anton Siluanov, then-current Minister of Finance, told reporters on 26 March that he had revived plans to develop aRussian alternative card payment system to cut its dependence on Visa and MasterCard after these disruptions in their service.[7] Siluanov said that "The payments restriction by Visa and Mastercard at one bank made us start thinking very seriously how we can secure ourselves against this kind of cases."[7] PresidentVladimir Putin agreed the next day in conference with legislators: "This wasn’t our decision. We need to defend our interests. And we’ll do that. It is really too bad that certain companies have decided on [...] restrictions.[8] I think this will simply cause them to lose certain segments of the market - a very profitable market."[9][10]
Media related toMinistry of Finance (Russia) at Wikimedia Commons
