Ministry of Finance of the Russian Soviet Federative Socialist Republic , known prior to 1946 as the People's Commissariat for Finance , or shorten to Narkomfin was part of the government of the Russian Soviet Federative Socialist Republic

Russian Soviet Federative Socialist Republic

The Russian Soviet Federative Socialist Republic , commonly referred to as Soviet Russia, Bolshevik Russia, or simply Russia, was the largest, most populous and economically developed republic in the former Soviet Union....

 from 1918 to the collapse of the USSR in 1991. It was subordinate to the Ministry of Finance of the USSR.

History

The Narkomfin Commissar was part of Sovnarkom. Nikolai Krestinsky

Nikolai Krestinsky

Nikolay Nikolayevich Krestinsky was a Russian Bolshevik revolutionary and Soviet politician.-Origins:Krestinsky was born in the town of Mogilev, in what is now Mahilyow Voblast of Belarus. According to Russian archivist A. B. Roginsky, Krestinsky was of ethnic Russian origin...

 was the first Commissar, appointed in 1918. However following the introduction of the New Economic Policy

New Economic Policy

The New Economic Policy was an economic policy proposed by Vladimir Lenin, who called it state capitalism. Allowing some private ventures, the NEP allowed small animal businesses or smoke shops, for instance, to reopen for private profit while the state continued to control banks, foreign trade,...

 Narkomfin was made responsible for Gosbank

Gosbank

Gosbank was the central bank of the Soviet Union and the only bank whatsoever in the entire Union from the 1930s until the year 1987. Gosbank was one of the three Soviet economic authorities, the other two being "Gosplan" and "Gossnab"...

, the State Bank of the RSFSR and then the Soviet Union

Soviet Union

The Soviet Union , officially the Union of Soviet Socialist Republics , was a constitutionally socialist state that existed in Eurasia between 1922 and 1991....

. On 26 November 1921, Lenin issued a note calling for the appointment of Grigory Sokolnikov, who took control of the organisation in 1922, although his formal position was not ratified until December 1922

In 1946, the People's Commissariat for Finance was transformed, renamed, into the Ministry of Finance of the RSFSR.

After the failed August Coup of 1991, Boris Yeltsin

Boris Yeltsin

Boris Nikolayevich Yeltsin was the first President of the Russian Federation, serving from 1991 to 1999.Originally a supporter of Mikhail Gorbachev, Yeltsin emerged under the perestroika reforms as one of Gorbachev's most powerful political opponents. On 29 May 1990 he was elected the chairman of...

 and the RSFSR Ministry of Finance claimed authority over the Ministry of Finance of the USSR, the Gosbank

Gosbank

Gosbank was the central bank of the Soviet Union and the only bank whatsoever in the entire Union from the 1930s until the year 1987. Gosbank was one of the three Soviet economic authorities, the other two being "Gosplan" and "Gossnab"...

 and Vnesheconombank. These Soviet institutions could not carry out any orders without the consent of the RSFSR Ministry of Finance. The Ministry of Finance of the USSR continued functioning until the Ministry of Finance of the RSFSR issued a decree

Decree

A decree is a rule of law issued by a head of state , according to certain procedures . It has the force of law...

 completing its takeover of the Soviet financial system. The RSFSR Ministry of Finance was succeeded by the Ministry of Economics and Finance of the Russian Federation (1991), and the Ministry of Finance of the Russian Federation (1992).

Commissars and Ministers

Name	Took office	Left office
People's Commissar for Finance of the RSFSR
Ivan Skvortsov-Stepanov Ivan Skvortsov-Stepanov Ivan Ivanovich Skvortsov-Stepanov was a prominent Russian Bolshevik.Skvortsov-Stepanov was one of the oldest participants in the Russian revolutionary movement, a Marxist writer....	27 October 1917	30 October 1917
Vyacheslav Menzhinsky Vyacheslav Menzhinsky Vyacheslav Rudolfovich Menzhinsky was a Polish-Russian revolutionary, a Soviet statesman and Party official who served as chairman of the OGPU from 1926 to 1934...	30 October 1917	21 March 1918
Isidore Gukovsky Isidore Gukovsky Isidore Emmanuilovich Gukovsky was the People's Commissar of Finance following the Russian RevolutionIsidore was the son of a merchant, who became a chemist's assistant. In 1898, he started participating in the Group of Workers Revolutionaries. He later became a Menshevik.He was imprisoned for...	21 March 1918	16 August 1918
Nikolay Krestinsky	16 August 1918	22 November 1922
Grigory Sokolnikov	22 November 1922	6 July 1923
Myrov Vladimirov	6 July 1923	November 1924
Nikolai Milutin	December 1924	December 1929
Varvara Yakovleva	January 1930	September 1937
Vasily Popov	February 1938	20 April 1939
M.N. Umonov	21 April 1939	September 1939
Arseny Sofronov	October 1939	28 March 1941
Alexei Homespun	28 March 1941	18 July 1945
Arseny Sofronov	18 July 1945	23 March 1946
Minister of Finance of the RSFSR
Arseny Sofronov	23 March 1946	July 1949
Ivan Fadeev	September 1949	March 1973
Andrei Bobrovnikov	March 1973	10 May 1990
Boris Fyodorov	18 July 1990	5 December 1990
Igor Lazarev	5 December 1990	11 November 1991

See also

• Government of the Soviet Union
  Government of the Soviet Union
  The Council of Ministers of the Union of Soviet Socialist Republics , was the de jure government comprising the highest executive and administrative body of the Soviet Union from 1946 until 1991....
  
   – Ministries
  Ministries of the Soviet Union
  -Ministries:- Other agencies under the Cabinet of Ministers :-See also:* Council of People's Commissars, head of government from 1917-1946* Council of Ministers, head of government from 1946-1991* Cabinet of Ministers, head of government in 1991...
  
  
  • Ministry of Finance of the USSR