"In light of [Deputy Prime Minister] Andrey Belousov's transfer to a new place of work, in addition to the energy sector, Alexander Novak will supervise the economic bloc (issues of economic support and anti-sanctions measures)," the statement stated.
"He has long coordinated economic and financial issues in various positions, both in business and in municipal and public service, including serving as the deputy finance minister," Belyakov said.
"In addition to his experience as the head of the region, he [Degtyarev] was twice elected a deputy to the State Duma, where he headed the committee on sports and physical culture. It is not insignificant that he is a fencing champion, a laureate of all-Russian and international competitions. Mikhail Degtyarev has the necessary skills to meet the challenges of the industry and to continue the active development of this sphere," Belyakov said.