Departure of Finance Minister causes economic concern for Russia

Departure of Finance Minister causes economic concern for Russia
Tuesday, September 27, 2011 - 9:10am

The abrupt departure of Russia's Finance Minister Aleksei L. Kudrin is raising worries about the state of the country's economy. Foreign investors regarded the departed foreign minister as the architect of Russia's fiscal stability.

Analysts say the minister's sudden departure after 11 years in office could hardly come at a worse time as Russia contends with several major economic issues. One economist said his exit caught investors completely by surprise and they are very concerned for Russia's economy.

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