Elvira Nabiullina

Last updated on 26 September 2017

Elvira Sakhipzadovna Nabiullina (Russian: Эльвира Сахипзадовна Набиуллина; Tatar: Эльвира Сәхипзәде кызы Нәбиуллина; Bashkir: Эльвира Сәхипзада ҡыҙы Нәбиуллина) is a Russian economist and head of the Central Bank of Russia. She was Russian President 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]

Elvira Nabiullina - kremlin.ru portrait.jpg
Elvira Nabiullina - kremlin.ru portrait.jpg

Early life and education

Nabiullina was born in Ufa, Bashkortostan, on 29 October 1963[5] in a Tatar family[6][7]. She graduated from the Moscow State University in 1986.[8][9] In subsequent years, she was also selected for the 2007 Yale World Fellows Program.[10]

Career

Between 1991 and 1994 Nabiullina worked at the USSR Science and Industry Union and its successor, the Russian Union of Industrialists and Entrepreneurs.[8] In 1994 she moved to the Ministry for Economic Development and Trade, where she rose to the level of deputy minister by 1997; she left the ministry in 1998.[8] She spent the next two years with Sberbank as its chief executive and with former Economic Development and Trade Minister German Gref's non-governmental think tank, the Center for Strategic Development, before returning to the Ministry for Economic Development and Trade as first deputy in 2000.[8] Between 2003 and her September 2007 appointment as minister, she chaired the Center for Strategic Development as well as an advisory committee preparing for Russia's 2006 presidency of the G8 group of nations.

Russian President Putin appointed Nabiullina to the post of minister of economic development and trade on 24 September 2007, replacing Gref.[2][8] She found working with then-deputy premier and finance minister Alexei Kudrin "difficult but always interesting"[11] and remained in that position until 21 May 2012.[3] In 2012 she was one of six senior government figures to accompany Putin back to the Kremlin administration after Putin was elected president of Russia for a third term.

In 2013 Nabiullina was appointed head of the Central Bank of Russia, becoming the second woman after Tatiana Paramonova to hold that position, and thus the first Russian woman in the G8.[12] In May 2014 she was named one of the world's most powerful women by Forbes, which noted that 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".[12] In an effort to stop the ruble's slide, the Central Bank of Russia, under her leadership, hiked interest rates, free-floated the exchange rate, and kept a cap on inflation,[13] thus stabilizing the financial system and boosting foreign-investor confidence.[14] Euromoney magazine named her their 2015 Central Bank Governor of the Year.[15]

In 2017 British magazine The Banker chose Nabiullina as "Central Banker of the Year, Europe".[16]

References

  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. Archived from the original on 19 February 2014. Retrieved 28 March 2013.
  4. ^ "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved 26 June 2014.
  5. ^ "Elvira Nabiullina" (PDF). ECE. Retrieved 25 August 2013.
  6. ^ https://www.kommersant.ru/doc/1330151
  7. ^ https://www.bloomberg.com/news/features/2017-02-14/putin-s-central-banker-purges-100-banks-a-year-in-epic-crackdown
  8. ^ a b c d e "Elvira Nabiullina. Biography". RIA Novosti (in Russian).
  9. ^ BackGround People: Nabiullina, Elvira Sakhipzadovna, Russia Profile 28 July 2008. Retrieved: 27 June 2012.
  10. ^ "Yale University President Levin Announces Selection of 2007 Yale World Fellows". Yale News. Retrieved 24 March 2017.
  11. ^ Policy behind Kudrin ouster. Anna Arutunyan, Moscow News, 30 September 2011 Retrieved 27 June 2012.
  12. ^ a b "Russian Central Banker Nabiullina Among Forbes' Most Powerful Women". MoscowTimes.com. 29 May 2014. Retrieved 27 August 2014.
  13. ^ Kirby, Paul (16 December 2014). "Russia economy: What is the risk of meltdown?". BBC News. Retrieved 17 December 2014.
  14. ^ "Welcome to Euromoney". euromoney.com.
  15. ^ "Welcome to Euromoney". euromoney.com.
  16. ^ "Central Banker of the Year 2017". TheBanker. UK. 3 January 2017. Retrieved 16 January 2017.

External links

Media related to Elvira Sakhipzadovna Nabiullina at Wikimedia Commons

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

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