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Kremlin appoints new economy minister

Kremlin appoints new economy ministerPresident Vladimir Putin on Wednesday appointed Maxim Oreshkin as Russia's new economy minister after previous economy minister accused of extortion, Reuters.

The appointment is a promotion for Oreshkin, who was deputy finance minister.

The previous economy minister, Alexei Ulyukayev, was detained two weeks ago and accused of trying to extort a bribe from Russian oil major Rosneft, an allegation he denies.

Ulyukayev was the first sitting cabinet member to be arrested in more than two decades.
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