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Putin Backs Nabiullina for New Term as War Roils Russian Economy

  • Elvira Nabiullina has led the Russian central bank since 2013
  • State Duma’s council will consider the proposal March 21
Updated on

President Vladimir Putin proposed a third term for Bank of Russia Governor Elvira Nabiullina, signaling an attempt to keep economic policy in the hands of a trusted technocrat as the country faces fallout from its invasion of Ukraine.

The lower house of parliament’s council will consider the proposal for a new five-year term on March 21, according to a statement on the State Duma’s website Friday. The council will set the timeline for a vote on her reappointment, which is all but assured given Putin’s support.