Economics

Putin’s New Favorite Official Plans Ministry of Future to Revamp Economy

Oreshkin forms elite group from Citigroup, McKinsey, PwC hires
Youngest cabinet member seeks to expand his ministry’s role

Maxim Oreshkin.
Photographer: Simon Dawson/Bloomberg

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By Evgenia Pismennaya, Andrey Biryukov, and Ilya Arkhipov

August 25, 2017 at 4:00 AM UTC

Updated on

August 25, 2017 at 10:46 AM UTC

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The odds were against Maxim Oreshkin.

With only three years of government experience when President Vladimir Putin picked him to lead Russia’s Economy Ministry late in 2016, Oreshkin was considered a political lightweight. He got a ministry at risk of being taken over by the more powerful Finance Ministry, and his predecessor was under house arrest on charges of accepting a $2 million bribe.