MOSCOW--The Kremlin appointed a new economy minister on Wednesday, after the official occupying the post was charged with corruption and put under house arrest earlier this month.

In a televised meeting, Russian President Vladimir Putin congratulated Maxim Oreshkin, formerly deputy finance minister, on his new post.

Former Russian Economy Minister Alexey Ulyukayev was detained and accused of accepting a bribe of $2 million for the privatization of a midsize oil company in October. The arrest was the most high-profile detention of a sitting government official since Mr. Putin came to power in 2000.

Write to Laura Mills at

(END) Dow Jones Newswires

November 30, 2016 08:46 ET (13:46 GMT)

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