Disintergration
After the failed August Coup of 1991 Boris Yeltsin and the Ministry of Finance of the RSFSR claimed authority over the Ministry of Finance of the USSR, the state bank and the Bank of Foreign Economic Activity. This meant that the institutions could not carry out any orders without the consent of the RSFSR government. The Ministry of Finance continued functioning until the RSFSR government issued a decree completing its takeover of the Soviet financial system. It was succeeded by the Ministry of Economics and Finance of the Russian Federation (1991) and the Ministry of Finance of the Russian Federation (1992). The last Soviet Minister of Finance was Vladimir Yefimovich Orlov, and Vladimir Rayevsky was acting Minister during the period of transition.
Read more about this topic: Ministry Of Finance (Soviet Union)