Elvira Nabiullina

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Russian Central Bank's head fears of new ‘black swans’

Russian Central Bank's head fears of new ‘black swans’

The Central Bank of Russia is highly conservative in its forecasts because of risks of new ‘black swans’ appearance, the Chairperson of the Bank of Russia Elvira Nabiullina said. "The higher level of uncertainty in the …

Recovery of Russian banking sector may take several years

Recovery of Russian banking sector may take several years

Financial rehabilitation of Russian banking sector may take several years more, Chairperson of the Bank of Russia Elvira Nabiullina said. "The period of proactive recovery of the banking system will continue for …

Ruble grows amid growing oil

Ruble grows amid growing oil

Oil prices, after falling the day before, began to recover gradually due to a thorough implementation of the agreement on the production cuts. Thus, the March futures for Brent crude oil on London's …

Nabiullina: rising oil prices not to cure our economy

Nabiullina: rising oil prices not to cure our economy

Rising oil prices will not solve the internal problems of the Russian economy, but may create the illusion of returning prosperity, Central Bank Chief Elvira Nabiullina believes. Russia’s Central Bank does …

Nabiullina: closure of banks saves Russia

Nabiullina: closure of banks saves Russia

The closure of weak players in the Russian banking sector in the second half of 2013 - the beginning of 2014 helped to mitigate the effects of external shocks, which hit the country's economy two years ago, the chairman of the Central …

Nabiullina: inflation in Russia is still high

Nabiullina: inflation in Russia is still high

The Russian Central Bank will bring its key rate to 6-7% once inflation slows to 4%, the bank's Governor Elvira Nabiullina said at an economic forum. Nabiullina said the central bank will aim at keeping interest …

 Russian Central Bank initiates changes in staff

Russian Central Bank initiates changes in staff

The Bank of Russia initiated management reshuffling and structural changes, the regulator said in its press release. The Chairperson of the Central Bank Elvira Nabiullina will directly oversee monetary policy issues …

Why does Russia need high productivity?

Why does Russia need high productivity?

The constant increase in the labor productivity is one of the foundations of sustainable economic growth, however, Russia is much inferior to more developed countries, the head of the Russian Central Bank Elvira Nabiullina said …

Nabiullina: Oil market reaches supply-demand balance

Nabiullina: Oil market reaches supply-demand balance

Oil market has found price range at which demand and supply are balancing, the chairperson of Russia’s Central Bank Elvira Nabiullina said at the finance forum in Moscow, Interfax reports. She expects the market …