The Ministry of Economic Development of the Russian Federation (Russian: Министерство экономического развития Российской Федерации) is a federal ministry in the Russian Government. The ministry is responsible for regulating and forming policies related to socioeconomic and business development in Russia. Andrei Nechayev was the first minister in 1992. He was fired in 1993. Andrei Shapovalyants replaced him. The Ministry has evolved in function and title over the years. In 1997, what was then known as the Ministry of Economy absorbed the Ministry of Defense, whose functions it carried solo until 1999, when the work of the Ministry of Defense was divided among five agencies. More information...
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