Valentin Pavlov - Later Life and Death

Later Life and Death

After his release from custody, Pavlov became a director of the commercial bank Chasprombank between 1994 and 1995. He resigned at the request of the bank's Board of Directors who informed him that they had decided "to provide him an indefinite leave of absence." In February 1996, shortly after his resignation, the bank's license was revoked for violating the banking laws set up by the Central Bank of Russia. Pavlov then worked as an advisor to Promstroibank between 1996 and 1997, and in 1998 also became a Vice President of the American firm Business Management Systems. He worked both as Vice President of both the Free Economic Society and the International Academy of Management, and later headed a department of the International Union of Economists. Pavlov died on 30 March 2003, and was buried on 2 April at Pyatnickoe cemetery.