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Print version. Published on site Rusnet.NL 8 December 2003

Encyclopedia :: C :: Chubais

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Updated: 01.10.2003

Anatoly Chubais, Kremlin insider, economist, politician, head of Russia's largest power company RAO UES

Russian economist and privatisation reformist Anatoly Chubais was the first deputy prime minister of Russia from March 1997 to March 1998. Chubais was born in Borisov, Russia, and graduated in 1977 from the St. Petersburg Institute of Economics and Engineering with a Ph.D. in economics. He was an assistant lecturer from 1977 to 1982 and an assistant professor from 1982 to 1990 at his alma mater.

Mr Chubais served in 1990 as deputy chairman of the Leningrad City Executive Committee, and in 1991 he became chief economic adviser to the mayor of St. Petersburg, Anatoly Sobchak.

Mr Chubais was part of a group of young economists who pushed for rapid economic reform toward a market-based system. A strong advocate of privatisation of state property, Mr Chubais was appointed deputy prime minister for the Ministry of Privatisation in 1992, becoming a first deputy prime minister in 1994.

As a member of the State Duma from 1994 to 1996, he served on the Duma Committee for Property, Privatisation, and Economics, a post in which he pioneered privatisation reforms in Russia.

Mr Chubais was dismissed from Russian president Boris Yeltsin's government in late 1995, largely because the reforms proved unpopular, but he returned to run Yeltsin's campaign for re-election to the Russian presidency in June and July of 1996. After Yeltsin's victory in the election, he appointed Mr Chubais presidential chief of staff.

In March 1997 Yeltsin reappointed Mr Chubais, making him first deputy prime minister under Prime Minister Viktor Chernomyrdin. In his new post, Mr Chubais was responsible for reforming the pension system and improving Russia's poor record on tax collection, among other duties. In March 1998 he lost his post as first deputy prime minister for the second time when President Yeltsin abruptly dismissed Chernomyrdin and his Cabinet.

Currently Anatoly Chubais heads RAO UES, Russia's largest power company.

In September 2003 Mr Chubais burst back into politics as the Union of Right Forces, or SPS, kicked off its election campaign. Mr Chubais was formally given the third spot on the liberal, pro-business party's federal list, behind SPS leaders Boris Nemtsov and Irina Khakamada. A co-founder of SPS, Chubais said he was able to return to politics because his "crisis management" of Russia's electricity monopoly was now behind him.

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