Putin’s Wartime Central Banker Tells Him What He Doesn’t Want to Hear
Bank of Russia Governor Elvira Nabiullina is helping keep Russia’s war economy on the rails but increasingly finds herself out-of-step with the government over key policies.
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Russian President Vladimir Putin has cycled through ministers and battlefield generals since he first invaded Ukraine a decade ago. Through it all, one constant has been Elvira Nabiullina, a central bank governor he can’t do without.
Her bond with Putin, and whether it can endure for longer, may well come to define the economy that emerges from the largest armed conflict in Europe since World War II.