Academic career From 1981 to 1986, Belousov was probationer-researcher and then junior researcher in the simulation laboratory of human-machine systems of the
Central Economic Mathematical Institute. From 1991 to 2006, he was head of a laboratory of the Institute of Economic Forecasting of the
Russian Academy of Sciences. He was external advisor to the prime minister from 2000 to 2006. On 21 May 2012, he was appointed minister of economic development to
the cabinet led by prime minister
Dmitry Medvedev. He is considered a
Keynesian economist who believed in state intervention in the economy. He believed Russia was "encircled by enemies". According to
Politico, he is one possible successor to Putin.
Minister of defence (2024–present) , 15 May 2024 On 12 May 2024, President Putin appointed Belousov
minister of defense, replacing
Sergei Shoigu, effective 14 May 2024. Jimmy Rushton, a Kyiv-based security analyst, said on
X, formerly Twitter, that Shoigu's replacement with Belousov signals that Putin believes he will win "via outproducing (and outlasting) Ukraine" and is "preparing for many more years of war". Alexandra Prokopenko, a fellow at the
Carnegie Russia Eurasia Center, said that Putin sees the
war in Ukraine as a
war of attrition and Belousov is supposed to help transform Russia's heavily militarised economy into a
war economy. As of 2024, military spending accounts for about 30% of Russia's budget. In July 2024, he held talks with Indonesian defense minister and president-elect
Prabowo Subianto. Belousov called
Indonesia one of Russia's key partners in the Asia-Pacific region. In August 2024, he held talks in Moscow on strengthening military cooperation with the defense ministers of
Vietnam,
Myanmar,
Laos,
Mali, and the
Central African Republic. On 14 October 2024, he arrived in
Beijing,
China. Belousov and Chinese defense minister
Dong Jun called for the two sides to "deepen strategic collaboration" and "continuously advance military relations." On 10 December 2024, Belousov held talks with
Indian Defence Minister
Rajnath Singh. Singh reaffirmed India's commitment to strengthening defence ties with Russia. In December 2024, Belousov highlighted the extensive use of
unmanned aerial vehicles (UAVs) by Russian forces, stating that over 3,500 drones are deployed on the battlefield daily. On 16 December 2024, Belousov said at a joint meeting with Putin that Russia should prepare for multiple scenarios, including a
war with NATO, in the next decade. He also said that Russia aims to achieve victory in the war against Ukraine and fully
conquer Ukraine's
Donetsk, Kherson, Luhansk and Zaporizhzhia regions by 2025. Belousov claimed that Ukraine lost "almost 1 million people" during the war with Russia. ==Sanctions==