Alexei Kudrin, is being thought of by Mr Putin to carry a heavyweight monetary place forward of his sixth inauguration subsequent week.
Mr Kudrin, an previous ally of the Russian President, may sign Russia is able to compromise with the West amid hovering tensions with Moscow.
Mr Kudrin has already written an financial coverage technique for Mr Putin’s upcoming time period and has previosuly warned until Russia makes its political system extra democratic and places an finish to its confrontation with Europe and the US, the nation won’t be able to realize radical adjustments.
A Russian authorities official stated: “The most definitely state of affairs is that Kudrin will get a submit within the presidential administration.
“His title could possibly be one thing like: the president’s consultant for worldwide financial co-operation.”
Yevgeny Gontmakher, a political and financial analyst who works with a civil society organisation arrange by Mr Kudrin, instructed the Monetary Instances: “If Kudrin joined the administration or authorities, it might point out that they’ve agreed on a sure agenda of change, together with in international coverage, as a result of with out change in international coverage, reforms are merely unattainable in Russia.
“It could be a strong message, as a result of Kudrin is the one one within the prime echelons with whom they may discuss within the west and in direction of whom there’s a sure belief.”
Mr Putin received the presidential vote with a majority of 76.7 %. He has promised large-scale spending will increase on healthcare, schooling and infrastructure.
However analysts have stated that these guarantees possibly laborious to stay to following two years of recession.
Kirill Rogov, an unbiased political and financial analyst, stated: “The brand new political cycle will unfold beneath the strain of three unfavourable elements: persevering with financial stagnation, worldwide isolation of Russia, and the necessity for preservation of the regime after 2024.”
Mr Putin’s administration has been keeping off Western accusations relating to the poisoning of former Soviet double agent Sergei Skripal within the UK since March.
And Moscow stays on a collision course with the West over the Kremlin’s continued assist of Syria’s President Bashar al-Assad.
The US has additionally imposed new sanction on Russian Rusal,the world’s second-largest aluminium producer together with different quite a few Russian entities.
A former Russian authorities cupboard official stated: “In our inner coverage selections, now we have by no means depended this strongly on exterior elements — it’s radical.
“The federal government has been claiming that the Russian financial system has tailored to sanctions, however the best way the People are utilizing sanctions now means you can not adapt.”
Mr Putin is because of appoint a brand new cupboard on Monday.
Dmitry Medvedev, who has led the federal government since 2012, is anticipated to remain on as prime minister however his powers over financial coverage could be lowered to provide Mr Kudrin extra management in line with authorities officers.
Mr Gontmakher stated: “If Kudrin seems both within the cupboard or within the presidential administration, we will conclude that they’ve agreed on a sure agenda for change, together with in international coverage.”