Kadochnikov appointed first deputy finance minister of Russia, replacing Okladnikova

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Russian Prime Minister Mikhail Mishustin has appointed Pavel Kadochnikov as the First Deputy Minister of Finance, replacing Irina Okladnikova, who was recently appointed Deputy Prime Minister and Head of the Government Administration. The decision was formalized by a decree signed by the Prime Minister.

Earlier, Finance Minister Anton Siluanov announced that he had proposed Kadochnikov for the position. According to Siluanov, the new First Deputy Minister will be responsible for budget formation and inter-budgetary relations.

In another decree, Kurban Kurbanov was appointed Deputy Minister of Finance. Previously, he headed the Department of Budgetary Policy in the Sphere of Labor and Social Protection.

In his new role, Kurbanov will oversee two areas: budgetary policy in social sectors and science, as well as funding for labor and social protection. Additionally, he will coordinate efforts to implement the Strategy for Enhancing Financial Literacy and Forming Financial Culture until 2030.

Kadochnikov has been working at the Ministry of Finance since January 2020. Prior to his promotion, he served as Deputy Minister and oversaw the departments of inter-budgetary relations, budgetary policy in social sectors and science, and budgetary policy in labor and social protection.

Before joining the ministry, Kadochnikov led the Center for Strategic Development, served as Vice-Rector for Research at the All-Russian Academy of Foreign Trade under the Ministry of Economic Development, was Executive Director of the Russian Center for APEC Studies, and headed the research division at the Gaidar Institute for Economic Policy.

Kadochnikov was born in Krasnoyarsk and graduated from the Moscow Institute of Physics and Technology. He holds a Doctorate in Economics.

Kurbanov joined the Ministry of Finance in 2010, starting his career in the Department of Budgetary Policy in Social Sectors and Science. In 2019, he became head of the Department of Budgetary Policy in Labor and Social Protection. Kurbanov was born in Khasavyurt and graduated from the Academy of Budget and Treasury of the Ministry of Finance.