The Bashkir-born financial technocrat who ran Gosbank through the Kosygin reform
Stripped of his party card and placed under criminal investigation for the sole offence of going hunting with an 'enemy of the people,' he was cleared only when the Bashkir Central Executive Committee itself intervened.
Born into a working-class Ufa family, he began working at eleven and entered state service as a Bashkir tax agent in 1923, staying in finance for life. After the Leningrad Financial-Economic Institute and heading Ufa finance departments, he became RSFSR Deputy Finance Commissar in 1940, RSFSR Finance Commissar the next year, and postwar served as Deputy and First Deputy USSR Minister of Finance under Zverev and Garbuzov. Appointed Gosbank Chairman in August 1963, he executed the credit and settlement side of Kosygin's 1965 reform (profit indicators, sovkhoz khozraschet, guaranteed kolkhoz pay (1966)) and created Gosbank RSFSR. In 1937 he was briefly accused of ties to an 'enemy of the people' because the two had gone hunting together, but the Bashkir Central Executive Committee intervened to reinstate him.
Career Timeline
- 1915–1919Bookbinder's apprentice, pharmacy warehouse worker
- 1919–1923Red Army service, sawmill worker, factory committee instructor
- 1923–1931Tax agent, department head, deputy head, financial inspection chief at Bashkir Finance Commissariat, collegium member
- 1931–1934Studies at Leningrad Financial-Economic Institute, economics and finance
- 1934–1939Head of Ufa City Finance Dept. → Senior Inspector, Bashkir Finance Commissariat
- 1939–1940Head of Kalinin Oblast Finance Department
- 1940–1941Deputy Finance Commissar, RSFSR
- 1941–1945Finance Commissar, RSFSR
- 1945–1960Deputy Minister of Finance, USSR · collegium member
- 1960–1963First Deputy Minister of Finance, USSR
- 1963–1969Gosbank Chairman — 1965 reform credit/settlement execution, sovkhoz khozraschet, guaranteed kolkhoz pay, established Gosbank RSFSR
- 1966–1969Member, Central Auditing Commission, CPSU