The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Chubais takes stock

Finance Minister of the Year: Chubais forces the pace

Central Banker of the Year: Yam: Hong Kong's sharp-shooter

The perennial worrier

Finance Minister and Central Banker of the Year: The regional winners

The financial community regards the Svyazinvest auction and the settling of Gazprom's tax arrears as your biggest accomplishments. What other success do you think you have had?

Getting the old budget sequestered, revised and then re-implemented in the spring was an extremely important step. In its original form, this budget for 1997 was completely unsustainable and unrealistic. It would have produced further government arrears and have created a variety of other problems.

Before the presidential elections in June 1996, the Communists stated that they did not support the nationalization of property.

I consider that forcing them to make this statement is my greatest success. In Russia now, it is absolutely impossible to support the idea of nationalization. For a politician, there is no way you can legally, legitimately obtain power if you publicly support nationalization.

That is why I can say that we have achieved an irreversibility of privatization.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree