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Obituaries

Boris Fyodorov | Russian financier, 50

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Boris Fyodorov, a reformist financier who helped bring Russian economy out of the post-Soviet chaos, has died, his company said in a statement. He was 50.

Russian television said Mr. Fyodorov had a heart attack in London three weeks ago and died in a clinic there.

Mr. Fyodorov was among the economists who fostered reforms in Russia before and after the 1991 Soviet collapse. He also founded one of the country's largest investment banks, the United Financial Group.

Mr. Fyodorov's background was in the planned socialist economy, but he was one of the first Russian financiers to adopt the Western model of a liberal market economy. In 1990, he was one of the authors of

500 Days

, an anti-crisis program that envisaged the end of price regulation and the privatization of state companies.

But all did not work out as planned: The results of privatization were flawed, and a small group of businessmen amassed vast fortunes and gained control over key sectors of Russian economy.

Mr. Fyodorov held several top government posts in the 1990s, including finance minister and vice premier, and was also elected to the State Duma, the lower house of parliament.

- AP

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