Putin aide to be first woman on cen­tral bank short­list

The Pak Banker - - 6BUSINESS -

MOSCOW: Elvira Nabi­ul­lina, a Krem­lin aide and former econ­omy min­is­ter, is be­ing con­sid­ered by Pres­i­dent Vladimir Putin as a can­di­date to re­place Rus­sian cen­tral bank Chair­man Sergey Ig­natiev, ac­cord­ing to two peo­ple with knowl­edge of the mat­ter.

Nabi­ul­lina, 49, joins a short­list that in­cludes Ig­natiev’s first deputy Alexei Ulyukayev and former fi­nance min­is­ters Alexei Ku­drin and Mikhail Zadornov, three peo­ple with knowl­edge of the mat­ter said in Jan­uary. The Izves­tia news­pa­per, which re­ported Nabi­ul­lina’s can­di­dacy ear­lier to­day, said VTB Group Chief Ex­ec­u­tive Of­fi­cer An­drey Kostin, VEB CEO Vladimir Dmitriev and MDM Bank Chair­man Oleg Vyu­gin have also been con­sid­ered.

Krem­lin aide and former econ­omy min­is­ter Elvira Nabi­ul­lina is be­ing con­sid­ered to re­place Rus­sian cen­tral bank chair­man Sergey Ig­natiev, ac­cord­ing to peo­ple with knowl­edge of the mat­ter. Putin by law must name a can­di­date to re­place Ig­natiev, 65, three months be­fore his third and fi­nal term ends June 24. Putin told re­porters late March 7, on the eve of In­ter­na­tional Women’s Day, his pick will be “un­ex­pected” and “you’ll like it.” Putin’s nom­i­na­tion must then be ap­proved by a ma­jor­ity in the lower house of par­lia­ment.

The new Bank Ros­sii chair­man will over­see an ex­pan­sion of the reg­u­la­tor’s pow­ers as it ab­sorbs the Fed­eral Fi­nan­cial Mar­kets Ser­vice, which now re­ports to the prime min­is­ter. Nine of 15 econ­o­mists polled by Bloomberg be­fore Putin’s com­ments last week said Ulyukayev was the most prob­a­ble nom­i­nee, fol­lowed by Ku­drin, who re­ceived three votes.

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