Yevgeny Primakov said on Monday he was quitting as head of the Russian Chamber of Commerce and Industry (CCI).
"I have served two terms. I think this is quite enough," he said.
Primakov, 81, became CCI president in December 2001.
He offered no indication as to who could replace him, adding that the decision would be made at a meeting on March 4.
The Vedomosti daily suggested in December Primakov could be replaced by Mikhail Fradkov, current head of the Foreign Intelligence Service (SVR) and former prime minister.
Primakov declined to comment on his future.
"I am leaving the ship, but I will not sink," he said.
Primakov held many positions in the Soviet Union and Russia, such as the SVR director (1991-96), foreign minister (1996-98), and prime minister (September 1998 through May 1999), and director of the World Economics and International Relations Institute (1985-1989).
MOSCOW, February 21 (RIA Novosti)
Add to blog
You may place this material on your blog by copying the link.
One of the main achievements of the 6th BRICS Summit was the signing of an official document on establishing a New Development Bank with a declared capital of $100 billion. The creation of the bank is an important step towards institutionalizing BRICS and strengthening its positions in the world in the long run.