Andrey Illarionov
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Andrey Nikolayevich Illarionov is a Russian economist and former senior policy advisor to Vladimir Putin, the President of Russia, from April 2000 to December 2005. Since April 2021, he is a senior fe
Illarionov in 2017
Illarionov with President Putin in 2000
Illarionov as Putin's economic advisor at the World Economic Forum in Moscow, 2003
The Russian financial crisis began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe
Andrey Illarionov
…its director from 1994 to 2000. Illarionov had predicted 1998 financial crisis and called for a devaluation of the Russian ruble in order to avoid the August 1998 financial meltdown. On 12 April 2000, Illarionov was invited by Vladimir Putin to be his senior economic adviser and in May 2000 he became the personal representative of…
A graph shows the USD to Russian ruble exchange rate in the second half of 1998. In the weeks following 17 August, one US dollar went from being worth 6.43 rubles to being worth over 21 rubles.