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Putin Names Aide Nabiullina to Head Russian Central Bank

Elvira Nabiullina, a Kremlin aide and former economy minister, was nominated by President Vladimir Putin to head the central bank, a pick that may tip the balance in favor of monetary policy to promote growth.

Speaking at his residence outside Moscow today, Putin told Nabiullina and Chairman Sergey Ignatiev that he’d submit her nomination to lawmakers. That would make Nabiullina the first woman to head a Group of Eight monetary authority.