Russia’s securities commission head to be ‘careful’ picking new job

Russian Federal Financial Markets Service (FFMS) head Vladimir Milovidov, who has recently submitted his resignation, will be very careful when choosing a new job for fear of a conflict of interests, he said on Friday.

“The position of FFMS head is very delicate as theoretically there can be a conflict of interests when joining almost any company,” Milovidov told RIA Novosti. “Having no conflicts with my current job is very important to me.”

Vedomosti business daily quoted a source close to Rosneft President Eduard Khudainatov as saying Milovidov had been offered the position of vice president. Industry sources say Milovidov has good relations with Rosneft Chairman and Deputy Prime Minister Igor Sechin.

Milovidov declined to comment on the report.

On Thursday, he joined the Moscow State Institute of International Relations.

Finance Minister Alexei Kudrin has said he has proposed his deputy Dmitry Pankin as the new FFMS head, although Milovidov’s resignation has not yet been accepted.

MOSCOW, April 1 (RIA Novosti)

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