Putin Nominates Bank of Russia Head Nabiullina for New Term
- President praised Nabiullina’s work in stabilizing economy
- Putin says central bank must remain independent, firm
Elvira Nabiullina, governor of Russia's central bank, gestures as she speaks during a news conference to announce interest rates at the headquarters of Bank Rossii in Moscow on Dec. 16, 2016.
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Russian President Vladimir Putin told Bank of Russia Governor Elvira Nabiullina he plans to nominate her for a new 5-year term, praising her stewardship of the central bank as the country emerges from the longest recession this century.
“The central bank under your leadership has done a great deal for the stabilization of the economy as a whole, for the stability of the banking sector and the entire financial sphere,” Putin told Nabiullina at a meeting in the Kremlin Wednesday.