The Ministry of Finance of the Russian Soviet Federative Socialist Republic (), known prior to 1946 as the People's Commissariat for Finance (), or shortened to Narkomfin, was part of the government of the Russian Soviet Federative Socialist Republic from 1918 until the fall 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 was the first commissar, appointed in 1918. However, following the introduction of the New Economic Policy, Narkomfin was made responsible for Gosbank,The State Bank of the USSR accessed 26 July 2008 the State Bank of the RSFSR and then the Soviet Union. 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.Between right and left: Grigorii Yakovlevich Sokolnikov and the development of the Soviet state, 1921–1929 accessed 26 July 2008
In 1946, the People's Commissariat for Finance was transformed and renamed into the Ministry of Finance of the RSFSR.
After the failed August Coup of 1991, Boris Yeltsin and the RSFSR Ministry of Finance claimed authority over the Ministry of Finance of the USSR, the Gosbank, 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 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 27 October 1917 30 October 1917 Vyacheslav Menzhinsky 30 October 1917 21 March 1918 Isidore Gukovsky 21 March 1918 16 August 1918 Nikolay Krestinsky 16 August 1918 22 November 1922 Grigori Sokolnikov 22 November 1922 6 July 1923 Miron Vladimirov 6 July 1923 November 1924 Nikolay Milyutin December 1924 December 1929 Varvara Yakovleva January 1930 September 1937 Nikolai Sokolov September 1937 February 1938 Vasily Popov February 1938 20 April 1939 Mikhail Umnov 21 April 1939 September 1939 Arseny Safronov October 1939 28 March 1941 Alexei Poskonov 28 March 1941 18 July 1945 Arseny Safronov 18 July 1945 23 March 1946 Minister of Finance of the RSFSR Arseny Safronov 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 – Ministries Ministry of Finance of the USSR
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