Oleg Viugin

Picture of Oleg Viugin

Date of Birth: 07/29/1952

Age: 64

Place of birth: Ufa

Citizenship: Russia



In 1974 he graduated from the Mechanics and Mathematics Faculty of Moscow State University. Candidate of Physical and Mathematical Sciences.

Key biographies

1978-1980 - Junior Researcher NGOs "Soyuztsvetmetavtomatika".

1980-1989 - worked at the Institute for the Study of demand and trade situation.

1989-1992 - Head of the Laboratory of the Institute of the USSR Academy of forecasting.

Since 1993 - Head of the macroeconomic policy of the Ministry of Finance of the Russian Federation, member of the board of the Russian Finance Ministry.

From 1996 to 1999 - Deputy Minister of Finance of Russia.

The Ministry was in charge of macro-economic unit and, according Vyugina, repeatedly wrote notes in 1998 to the government, which warned of the possibility of the crisis in late 1998,

1997 - member of the Russian Government Commission for Economic Reform. Member of the Supervisory Board NAUFOR board FCSM.

Since 1999 - Chief Economist and Executive Vice President of "Troika Dialog".

April 16, 2002 appointed the first deputy head of the Russian Central Bank.

Looks position

According Vyugina, the ruble should grow "in step with the rise in labor productivity." Considered harmful real ruble appreciation, if it occurs only because of rising oil prices. By the end of 2002, the ruble should reach the mark of 33 rubles per dollar. Vyugin said it plans to achieve this result, a decrease in the ruble exchange rate, depending on world prices for exported goods from Russia. "There is no need to scatter umbrella over the marsh in order to protect the swamp from the rain There will still be damp and dirty." - Says Vjugin supporters of a weak ruble.

Zam. the head of the Central Bank believes that the fight against inflation should be stricter control over the money supply and rising prices. He was confident that no commercial banks and the Central Bank in this business should determine weather the financial market.

While serving as deputy head of the Central Bank, Vjugin aims to create new liquidity controls, intending, in particular, "gradually return to the refinancing - so the interest rate more runs than it is now."

Third-party evaluation, characteristics

According to the head of the Federation Council Committee of monetary and financial markets Sergei Vasilyev, Mr. Vjugin "one of the best professionals in the country, and now for the macro-economic processes in the country can be absolutely calm." Business community representatives also expressed support for the person, "speaks to the business in the same language." ( "Time of news", 2002)

The "Troika Dialog" Vjugin October 1999 was appointed manager of the vice-president and chief economist of the investment company. Vjugin himself categorically denies his connection voluntary resignation (from the post of Deputy Minister of Finance), with the problems that have arisen around getting Russia the second tranche of the International Monetary Fund. Nevertheless, if the person in charge in the Ministry of Finance as the time for negotiations with creditors in Russia, directly links the perspectives of development of cooperation of Moscow with the IMF and the development of the scandal around the Bank of New York, it confirms all the untimely resignation. Vyugina Care superimposed on a difficult moment in the Russian negotiations with the London Club of creditors. Resignation Vyugina creates additional problems and at the front of the Government to combat domestic debt ... Resignation Vyugina (1999) may be due to some disagreements between him and Kasyanov in negotiation strategies on the foreign debt. ( "Izvestia", 1999)