According to modern Russian tradition, the former high-ranking official after his resignation saw his light and saw all the shortcomings of the existing political system. Now Sergey Aleksashenko lives in Washington, where he feels better than in Moscow, because the atmosphere of friendliness in the USA is calm and safe. As he himself explains, he left because he was not allowed to work in Russia. It is considered one of the creators of the market for government short-term bonds and the perpetrators of default on them.
early years
Sergey Vladimirovich Aleksashenko was born on December 23, 1959 in his mother’s homeland, in the small town of Likino-Dulyovo, Orekhovo-Zuevsky District, Moscow Region. In the family of technical intelligentsia. When he was two months old, the family moved to Zhukovsky, where he lived for the next 25 years. Parents got a job in this center of the Soviet aviation industry near Moscow. My father worked at the Radon development base at the Tupolev Design Bureau. Mom worked there at first at the Institute of Instrument Engineering, and then went on to teach at a technical school, where she worked for the next 30 years.
As Sergei Aleksashenko said in an interview, he was always good at science, but he was not a techie. Therefore, when it was time to choose a profession, the young man chose from three specialties: economist, teacher and lawyer. He chose the economics department of Moscow State University and never regretted it. He chose his specialty consciously, having worked at a defense factory. Received from the second attempt.
First work experience
After graduating from university in 1986, he worked at the Central Economics and Mathematics Institute of the Academy of Sciences of the USSR, where he defended his dissertation on economics. The laboratory, which the young specialist came to work in, was led by Yevgeny Yasin. He was the supervisor of Sergey Aleksashenko in his third year at the university.
At that time, many economists worked at the institute, who later became high-ranking Russian officials. Including Andrey Vavilov, Alexander Shokhin and Sergey Glazyev. As an experienced and adult person, Sergey Aleksashenko tried to make a career. He was distinguished by an active lifestyle, as they said in Soviet times, so a year later he was elected to the Komsomol committee of the institute, then he became deputy secretary.
During the years of perestroika
With the beginning of perestroika in 1990, he moved to work as a leading specialist in the L. Abalkin Commission (Commission on Economic Reform of the Council of Ministers of the USSR). He participated in the preparation of the 500 Days program, which was to reformat relations between the center and the republics and launch reforms. However, the program was not adopted, and Yeltsin began to create in Russia duplicate central authorities.
Many Russian economists believe that it was Sergei Aleksashenko who was the first in the country in his publications who began to justify the introduction of taxes instead of the concept of redistribution of added value adopted under socialism. In the commission, they were involved in the development of tax legislation for the country. In the confrontation between parliament and the president in 1993, which ended with the shooting of the White House, in those years and later he was on the side of Yeltsin, believing that the leaders of the parliament were the first to take up arms.
In public service
After two years of work in the Russian Union of Industrialists and Entrepreneurs in 1993, he was invited to work at the Russian Ministry of Finance. Sergey Aleksashenko served as Deputy Minister for two years, being responsible for macroeconomic and tax policies and managing negotiations with the IMF, and later budget planning was added to his responsibilities.
He believes that he did a lot of good for the country in this position, including the introduction of a budget classification. In 1993, Russia did not have a single budget; it was engaged in consolidating budget funds and optimizing expenses in order to reduce dependence on loans from the Central Bank. He thinks that he was a good negotiator with the International Monetary Fund, loved these negotiations, as a result of which the country regularly received regular tranches of credit.
Almost the country's main banker
After three years in senior positions in the private sector from 1995 to 1998, he worked as First Deputy Chairman of the Central Bank of Russia. He was responsible for the monetary and foreign exchange policy, settlement system and accounting, and for conducting negotiations with the IMF.
In his interviews, Sergey Aleksashenko takes credit for creating a chart of accounts, a draft real-time settlement system. His critics, including oppositionist A. Illarionov, believe that the policy conducted with the participation of the first deputy chairman of the Central Bank has become one of the causes of the 1998 economic crisis. Under him, a highly profitable market for government short-term bonds was formed, the decision on default on which was made with the direct participation of Aleksashenko.
Default Member
The press reported that the Prosecutor General's Office and the Ministry of Internal Affairs suspected the participation of Sergei Aleksashenko in speculation in the government securities market. Accounts in commercial banks were reported to which funds received from transactions with T-bills were transferred. In 1996-1997, 560 million non-denominated rubles were credited to them. In developed countries, such a combination of activities in the market of government obligations with work in the state body regulating these activities is a grave crime. In 1998, he resigned after the arrival of V.V. Gerashchenko to the post of chairman of the Central Bank.
In 1999, Sergey Aleksashenko’s book “The Battle for the Ruble” was published, telling about the events that preceded the crisis and the key decisions taken to stabilize the situation. The former deputy chairman is trying to give an analysis of why international loans could not save the country from investors fleeing, devaluation and default.
In the private sector
The biography of Sergei Aleksashenko continued in the private sector, from 2000 to 2004 he worked in senior positions at the Russian holding company Interros, where he was responsible for strategic planning. He oversaw the project to create a Siemens enterprise with the Russian company Power Machines, to organize the first development company in Russia, which at the first stage had only 5-6 buildings on its own balance sheet.
From 2004 to 2006, he was president of the Entente Capital company, which deals with junk stock trading, oversaw strategic development, relations with major customers and partners. In 2006, he joined the American Investment Bank Merrill Lynch as the head of the representative office in Moscow.
Since 2008, he began to be hired by the boards of directors of state corporations, including Aeroflot - Russian Airlines, the United Aircraft Corporation and the United Grain Company
personal information
In the fall of 2013, economist Sergei Aleksashenko flew off for an internship in Washington at Georgetown University to work on several research projects. He himself said that in many respects such a decision was made due to the fact that he was not given the opportunity to be re-elected to the board of directors of Aeroflot. In later interviews, he called himself a Russian refugee, who left due to fears for his life and serious restrictions on work. He also did not want to injure the consciousness of his youngest son, forcing him to live in the Russian system.
Quite a bit is known about the personal life of Sergey Aleksashenko. Wife Ekaterina is a former teacher of the Russian language. When she was in Russia, she directed a children's theater studio in a boarding school, and was engaged in charity projects. The eldest son, Artyom, graduated from University of Warwick with a degree in business administration and a film school in Los Angeles. Operator in America. The second son is studying at an American university, the youngest is still a preschool child.
In his free time, Sergey loves to travel, ski, play golf, hockey and preference. From his student days he loves to cook, even knows how to bake Napoleon cake, now sometimes he cooks omelet and kebab for friends.