Updated
Updated · Meduza · Jun 11
Nabiullina Vanishes for 1 Week as Resignation Rumors Swirl Over Martial Law Fears
Updated
Updated · Meduza · Jun 11

Nabiullina Vanishes for 1 Week as Resignation Rumors Swirl Over Martial Law Fears

3 articles · Updated · Meduza · Jun 11

Summary

  • More than a week out of public view, Elvira Nabiullina missed SPIEF on June 4, a securities conference on June 9 and Putin’s June 10 meeting on inflation and interest rates.
  • The Kremlin and Central Bank say the governor is ill, but unnamed sources cited by Russian outlets link her absence to a possible resignation over fears of border closures and martial law.
  • June 2027 marks the end of Nabiullina’s third term, and reports say Maxim Oreshkin, Pyotr Fradkov and Andrei Kostin are among possible successors, though officials have not ruled out changing the law for a fourth term.
  • Any exit would reverberate far beyond personnel politics because Nabiullina concentrates unusual control over Russia’s monetary policy and financial regulation, and her authority has depended heavily on Putin’s backing.

Insights

Is Russia's top banker on sick leave or being sidelined by the Kremlin?
Who will Putin trust to manage Russia's economy as its long-time chief disappears?
With its economic architect missing, is Russia's war-strained economy facing its biggest test?