Interfax: Gref, Vekselberg, Mordashov, Chubais join Economic Ministry’s public council

Kremlin and St. Basil's

MOSCOW. Dec 3 (Interfax) – Sberbank of Russia (MOEX: SBER) President and CEO German Gref has taken a seat on the public council of the Economic Development Ministry, the ministry he headed in 2000-2007.

The makeup of the board is contained in an instruction from Economic Development Minister Alexei Ulyukayev. Deputy Economic Development Minister and State Secretary Oleg Fomichev will oversee the council’s operations.
The private sector will be represented by two business leaders: Renova owner Viktor Vekselberg and Severstal (MOEX: CHMF) owner Alexei Mordashov.

Five other members are heads of business associations: Alexander Shokhin of the Russian Union of Industrialists and Entrepreneurs (RSPP); Sergei Katyrin of the Chamber of Commerce and Industry; Alexander Brechalov of Opora; Andrei Nikitin of the Agency for Strategic Initiatives; and Alexei Timofeyev of NAUFOR.

Seats on the council also went to Alexander Voloshin, who chairs the working group on creation of the international financial center in Moscow, Rusnano chief Anatoly Chubais, Otkritie Financial Corporation CEO Ruben Aganbegyan, RBC CEO Igor Agamirzyan, and Ernst & Young Moscow managing director Alexander Ivlev.

Another member is Dmitry Belousov of the Center for Macroeconomic Analysis and Short-term Forecasting, who is the brother of the previous economic development minister, Andrei Belousov.

It was reported earlier that the public council will be chaired by Vladimir Mau, the rector of the Russian Presidential Academy of National Economy and Public Administration (RANEPA). The vice chairman is Pyotr Fradkov, the general director of Russian export insurance agency EXIAR.

The public council’s bylaws are expected to be approved at a meeting on December 20.

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