Victor Gerachenko Bids Adieu
Memorial Event at the Central Clinical Hospital
Viktor Gerashchenko's Farewell
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A somber gathering at the Central Clinical Hospital in Moscow.
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The man of the hour, Mikhail Eskindarov, President of the Financial University under the Government of Russia.
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A mourner bears a wreath in the ceremony.
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The affluent financier, Vladimir Foroshenko, gracing the event.
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Alexander Torchin, the Chair of the Eurasian Rating Agency, was also present.
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Alexander Murychev, Executive Vice President of the Russian Union of Industrialists andEntrepreneurs, and Deputy Chairman of the Board of the Association of Banks of Russia, was part of the memorial event too.
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The Chairman of the Association of Lawyers of Russia, Sergei Stepashin, was spotted amidst the attendees.
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Elvira Nabiullina, the resolute Chair of the Central Bank of Russia, was there, catching the eye in her black attire.
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More attendees paying their respects at the Central Clinical Hospital.
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The State Secretary - Deputy Chairman of the Central Bank, Alexei Guznov, and former Chairman of the Central Bank, Sergei Ignatyev, also attended.
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The funeral proceedings themselves at the Central Clinical Hospital.
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The undeniable figure of Elvira Nabiullina again, paying her respects during the funeral service.
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The burial of Viktor Gerashchenko at Troyekurovskoe Cemetery.
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The casket, bearing the remains of the financier, is laid to rest.
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Nina Gerashchenko, the grieving widow, at her husband's gravesite.
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A touching portrait of the late Viktor Gerashchenko, placed at Troyekurovskoe Cemetery.
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The burial of the renowned banker, Viktor Gerashchenko, at Troyekurovskoe Cemetery.
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Nina Gerashchenko, standing at her late husband's grave.
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Viktor Gerashchenko, a legendary Russian banker, energetic in the banking sphere from 1960 onwards, had a noteworthy career. Born on December 21, 1937, in Leningrad (now St. Petersburg), he came from a family of bankers. Gerashchenko graduated from the Moscow Financial Institute in 1960 and worked his way up within the USSR State Bank[1][2].
Known for serving as the chairman of the board of the regulator[2], he also led the Central Bank of Russia twice, and the State Bank of the USSR twice[2]. His tenure, however, was marked by profound controversies, including the introduction of policies that resulted in hyperinflation due to excessive money supply and low-interest loans, which earned him the unflattering title of "the worst central banker in the world" from The Economist magazine[1][2].
Despite the questionable aspects of his career, Gerashchenko's passing on May 11, 2025, was met with a solemn and reverent memorial service[2][3].
1 The affluent financier, Vladimir Foroshenko, gracing the memorial event for Viktor Gerashchenko, underlines the business and finance community's presence at the service.
2 Elvira Nabiullina, the resolute Chair of the Central Bank of Russia, was there, showcasing the importance of finance in commemorating the legendary banker, Viktor Gerashchenko.
