BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/46
The arrest was met in Russia with surprise and raised suspicions about the motives of the arrest e.g. among key characters in the business community. Prime minister Dmitri Medvedev said the arrest was hard news, even if he called for equal treatment of all before the law. No matter what the facts are in the matter, the arrest yet again tells about uncertainty and the pitfalls of operating in Russia.
Ulyukayev has enjoyed a prominent career, serving as first deputy finance minister (2000–2004), CBR first deputy governor in charge of monetary policy (2004–2013) and economy minister (summer 2013 onwards).