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Bloomberg called Maxim Oreshkin the “architect” of the Russian policy of counter-sanctions

Economic agency Bloomberg published on Saturday, a text naming presidential aide and former economic development minister Maxim Oreshkin as the chief “architect” of policies that enable the Russian economy to successfully resist Western sanctions.

Since February 24, the start of hostilities in Ukraine and the subsequent Western economic sanctions, Oreshkin has become one of the key figures guiding Russia’s economic policy in the face of the country’s growing isolation, agency analysts say.

“Now the Kremlin is busy working out measures to circumvent Western sanctions, and apparently, so far it is succeeding,” Bloomberg quotes Russian economist Sergei Guriev, who now lives in Paris.

According to the agency, it was 40-year-old Maxim Oreshkin who came up with the idea of ​​transferring settlements for Russian gas for rubles. As a result, many large European traders were forced to meet Russia halfway, and Gazprombank, where they had to open accounts, became one of the few Russian credit institutions that managed to avoid sanctions.

According to Bloomberg, Oreshkin not only determines the counter-sanctions policy, but also is the author of many phrases that Russian President Vladimir Putin then uses in his speeches. So, according to the agency, after the freezing of part of the Central Bank’s foreign exchange reserves, it was Oreshkin who suggested to the president and members of the government the phrase about the “actual default” of the United States and the European Union on obligations to Russia. The authorship of Oreshkin also belongs to the comparison of the American dollar with a drug on which the whole world sits.

Despite the anti-Western rhetoric that members of the Russian establishment are increasingly forced to resort to, Oreshkin, in his conversation with Bloomberg, said that Moscow will continue to adhere to the principles of a market economy.

“Russia is not going to abandon the market economy. On the contrary, we are moving in the opposite direction. Private initiative is now especially encouraged. This is constantly noted by the president in his speeches,” says Putin’s aide.

Bloomberg draws attention to the fact that Maxim Oreshkin accompanied Vladimir Putin during a recent travel the latter to Tehran. He, according to the agency, was developing plans to mitigate the consequences of disconnecting Russian banks from the SWIFT system. In this regard, Oreshkin’s hardware weight has grown significantly in recent months, Bloomberg claims.

Maxim Oreshkin was born in 1982 in Moscow. In 2004, he graduated with a master’s degree in economics from the Higher School of Economics. Worked in several banks, including the Central Bank. Since 2013, he worked at the Ministry of Finance, first as the director of the long-term strategic planning department, then as a deputy minister. In 2016, he was appointed Minister of Economic Development. Since January 2020, he has been an assistant to the President of Russia.

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