Central Bank of Russia Photo: Getty images
Despite domestic criticism and Western sanctions pressure, Elvira Nabiullina will remain the head of the Central Bank of Russia until at least 2027. Her continuation in office is a signal of stability for the Putin regime, and at the same time a worrying sign for the Russian economy, which is sinking deeper into isolation. This was reported by Reuters.
During the war years, Nabiullina became a central figure in the Kremlin’s economic adaptation: switching to the yuan, circumventing sanctions, and controlling inflation despite the fall of the ruble. But there is growing dissatisfaction within the elites: instead of a breakthrough, it is only patching up the holes in a system that is increasingly dependent on China and shadow schemes.
The key problem in 2027, according to analysts, is not only the decline in confidence in the Central Bank, but also the systemic deadlock that the entire Russian economy is moving towards under the pressure of war, sanctions and the demographic crisis.
