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Sergei Witte was born in Tiflis, Georgia, Russian Empire, on November 29, 1849. He was a Russian statesman, politician, and economist who served as Minister of Finance (1892-1903) and Prime Minister (1905-1906) under Tsar Nicholas II. He is best known for his role in the Witte system, a series of economic reforms that helped to modernize the Russian economy and promote industrialization.