On May 11, 2025, Viktor Gerashchenko passed away at the age of 87.
Gerashchenko was known for his leadership roles in the State Bank of the USSR and the Bank of Russia during pivotal times in Russian history. He played a crucial role in developing the modern banking system following the dissolution of the USSR and contributed to financial stabilization after the 1998 crisis.
The Bank of Russia management expressed condolences to Gerashchenko’s relatives.