Elvira Nabiullina

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Elvira Nabiullina
Elvira Nabiullina.jpg
Governor of the Bank of Russia
Incumbent
Assumed office
24 June 2013
Prime Minister Dmitry Medvedev
Preceded by Sergey Ignateyev
Personal details
Born (1963-10-29) 29 October 1963 (age 51)
Ufa, Soviet Union (now Russia)
Political party United Russia
Alma mater Moscow State University

Elvira Sakhipzadovna Nabiullina (Russian: Эльвира Сахипзадовна Набиуллина; Bashkir: Нәбиуллина Эльвира Сәхипзада ҡыҙы; born 29 October 1963) is a Russian economist and head of the Central Bank of Russia, who was Vladimir Putin's economic adviser between May 2012 to June 2013[1] after serving as minister of economic development and trade from September 2007 to May 2012.[2][3] As of 2014, she is listed as the 72nd most powerful woman in the world by Forbes.[4]

Early life and education[edit]

She was born in Ufa, Bashkortostan on 29 October 1963.[5] She graduated from the Moscow State University in 1986.[6][7]

Career[edit]

Between 1991 and 1994 Nabiullina worked at the USSR Science and Industry Union and its successor, the Russian Union of Industrialists and Entrepreneurs.[6] In 1994, she moved to the ministry for economic development and trade rose to the level of deputy minister by 1997, she had and left the ministry in 1998[6] She spent the next two years with non-governmental think tanks like Sberbank, chief executive and former economic development and trade minister German Gref's Center for Strategic Development, before returning to the economic development ministry as first deputy in 2000.[6] Between 2003 and her September 2007 appointment as minister, Nabiullina chaired the Center for Strategic Development and an advisory committee preparing for Russia's 2006 presidency of the G8 group of nations.

Putin appointed her minister of economic development and trade on 24 September 2007, replacing Gref.[2][6] She found working with then-deputy premier and finance minister Alexei Kudrin "difficult but always interesting".[8]

On 21 May 2012, Andrey Belousov replaced her as minister of economic development.[3] In 2012 she was one of six senior government figures to follow Putin back from government to the Kremlin administration after he was elected president for a third term. In 2013, she was appointed head of the Central Bank of Russia and thus became the first Russian woman in the G8.[9] In May 2014, she was named one of the world's most powerful women by Forbes, which noted she "has been given the difficult task of managing the ruble exchange rate during Ukraine's political crisis and facilitating growth for an economy trying to avoid a recession".[9]

Throughout 2014, the exchange rate of the ruble fell dramatically. In an effort to stop the ruble's slide, the Central Bank of Russia, under Nabiullina's leadership, announced a dramatic hike in interest rates in December 2014.[10]

References[edit]

  1. ^ New Kremlin Aides Allotted Responsibilities, RIA Novosti, 23 May 2012. Retrieved: 27 June 2012.
  2. ^ a b Levitov, Maria (September 2007). "Putin Replaces Russian Economy Minister Gref With Nabiullina". Bloomberg. 
  3. ^ a b "Andrei Belousov appointed Economic Development Minister". Interfax (Moscow). 21 May 2012. Retrieved 28 March 2013. 
  4. ^ "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved 26 June 2014. 
  5. ^ "Elvira Nabiullina". ECE. Retrieved 25 August 2013. 
  6. ^ a b c d e "Elvira Nabiullina. Biography". RIA Novosti (in Russian). 
  7. ^ BackGround People: Nabiullina, Elvira Sakhipzadovna, Russia Profile 28 July 2008. Retrieved: 27 June 2012.
  8. ^ Policy behind Kudrin ouster. Anna Arutunyan, Moscow News, 30 September 2011 Retrieved 27 June 2012.
  9. ^ a b "Russian Central Banker Nabiullina Among Forbes' Most Powerful Women". MoscowTimes.com. 29 May 2014. Retrieved 27 August 2014. 
  10. ^ Kirby, Paul (16 December 2014). "Russia economy: What is the risk of meltdown?". BBC News. Retrieved 17 December 2014. 

External links[edit]

Political offices
Preceded by
Sergey Ignatyev
Chairman of the Central Bank of the Russian Federation
24 June 2013–present
Incumbent