The Kremlin appreciated Nabiullina’s role in overcoming sanctions

Despite the sanctions imposed , the Russian economy has entered a growth trajectory - this is how the Kremlin assessed the work of the HEAD of the Central Bank Nabiullina. Previously, Politico recognized her as “destroyer of the year” for her efforts to counter sanctions Elvira Nabiullina

Despite the sanctions imposed, the Russian economy has entered a growth trajectory, and macrostability has been ensured in the country. This is how presidential press secretary Dmitry Peskov assessed the role of Central Bank head Elvira Nabiullina in overcoming restrictive measures.

“European politicians see the ineffectiveness of the adopted sanctions and see the boomerang effect of these sanctions,” he said ( quoted by RIA Novosti).

Earlier, Politico published the traditional list of 28 people who will “shape the political life of Europe” next year. In total, three categories were identified: “doers,” “dreamers,” and “disruption.”

As the publication notes, Nabiullina, having served as head of the Russian Central Bank for ten years, is the “chief technocrat” who supports the policies of Russian President Vladimir Putin.

The head of the Central Bank “managed to prevent the consequences of unprecedented Western sanctions,” “saved the ruble” and “kept the Russian economy afloat,” the publication says.

In 2021, Peskov, answering a question about the president’s confidence in the Central Bank’s policies, said that Putin has repeatedly praised the work of the Bank of RUSSIA in general and its head Nabiullina in particular.

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Nabiullina took over as Chairman of the Central Bank in June 2013. In March 2017, Putin asked the lower house of parliament to support and extend her term as head of the Central Bank. Her term of office was extended for the second time in March 2022. The Kremlin called this decision logical.

After the start of a special operation in connection with a “dramatic change” in external conditions for the Russian economy, the Central Bank raised the key rate from 9.5% to a record 20% per annum, froze payments on shares and bonds for foreigners and prohibited non-residents from 43 countries from transferring from Russia abroad, canceled morning and evening trading on the Moscow Exchange and took a number of other measures.

The Kremlin said that it had no doubt in the Central Bank’s ability to cope with the situation.