Support The Moscow Times!

Exiled Kremlin Critic Becomes EBRD Chief Economist

Sergei Guriev Andrei Makhonin / Vedomosti

Sergei Guriev, a former adviser to the Russian government who fled the country two years ago, has been appointed chief economist at the European Bank for Reconstruction and Development (EBRD), the bank said in a statement Tuesday.

Guriev is to take up his post in summer 2016. He will become the first Russian to hold the post at the EBRD, a multilateral lender that disperses funds in former Communist Eastern Europe.

Guriev, 44, left Moscow for Paris in 2013 in fear of arrest as investigators probed his connections with Mikhail Khodorkovsky, the former Yukos owner who was in jail at the time, and Alexei Navalny, an anti-corruption campaigner who has emerged as the most potent opponent to President Vladimir Putin.

Suma Chakrabarti, the current EBRD president, said in the statement, “He brings a huge amount of experience and expertise to the job and to the bank’s executive committee.”

Guriev currently teaches at Sciences Po university in Paris.

The ERBD stopped lending to projects in Russia last year as part of sanctions imposed on Moscow over its actions in Ukraine by Western European countries, which are the bank’s main backers.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more