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. Last Updated: 07/27/2016

'Mistaken' Kudrin to Remain on Council

Former Finance Minister Alexei Kudrin's experience and expertise can be useful in the government, presidential aide Arkady Dvorkovich told journalists, Interfax reported. 

"Despite the president's decision to dismiss Finance Minister Alexei Kudrin, in the head of state's view, he is a good specialist in finance and macroeconomics," Dvorkovich said.

Kudrin "will continue heading the National Banking Council — at least until a new finance minister is appointed, and he will also remain the head of the presidential council on financial markets, within which a working group on the International Financial Center is active and where his professional skills could also be of use," Dvorkovich said. 

"[He] is mistaken, not disgraced," Dvorkovich said about Kudrin on his Twitter account.

Kudrin was dismissed Monday. Prime Minister Vladimir Putin announced at a government meeting Tuesday that Anton Siluanov would be acting finance minister, and Deputy Prime Minister Igor Shuvalov was instructed to supervise the financial and economic sector in the government.