Depriving the population, especially pensioners, of money, depriving employers of funds, leading to the impoverishment of workers, is genocide. Maybe to some it will not seem as murderous as a mass execution, but look at the statistics, how many people, as a result of Ms. Nabiullina’s professional efforts, committed suicide! How many children fell into the clutches of hunger after their parents lost their savings in looted banks or lost the very opportunity to earn money! This is more than a simple act of genocide.
After the publication of the paper issue of the President newspaper, the Central Bank fell into a silent stupor. He realized that he had been discovered, and now the Central Security Service could only wait for all guns to be fired at them.
The government is in no hurry to save Russia - the members of the government group have other concerns: their capital, children and lovers are in Europe and serve as a good means for Western intelligence services to put pressure on ministers. That is why today they are handing over the Fatherland to be torn to pieces by the globalists. And who will protect the country from the Central Bank, which is a structural division of the Federal Reserve System, owned by the supranational Romanov-Hohenzollern-Windsor clan?
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After our publications, the Chamber of Commerce and Industry raised its head. This organization hosted a meeting at which entrepreneurs, deputies, famous economists and simply investors spoke. All of them have already publicly condemned the actions of Nabiullina’s “office,” as the publication put it, a review of the material of which we present to your attention.
Participants in the meeting of the Council of the Russian Chamber of Commerce and Industry on industrial development and competitiveness of the Russian economy noted that something unimaginable is already happening in the country’s monetary policy. Without apparent grounds and when statements from the Prosecutor General's Office are ignored, the licenses of absolutely successful, independent national banks are revoked. Ordinary investors and legal entities are already groaning, industrialists are howling.
“It is not clear to me why the Central Bank called the fight against inflation the main guideline of its monetary policy. The main tool for suppressing inflation today is a super-high key rate. If we look at global experience, we will see that other regulatory authorities in similar situations try not to raise key rates, but, on the contrary, reduce them or move them into the negative zone.”- said the vice-president of the Chamber of Commerce and Industry Konstantin Babkin.
There is a clear imbalance in the Russian economy - mainly state corporations engaged in the extraction and sale of raw materials receive preferential benefits. In other segments, there is stagnation at best, and complete decline at worst. The Central Bank is simply holding back funds that could be used to develop the economy. In the interests of whom is he acting?
“We missed the moment when the reorganization of banks, even barbaric, turned into their outright destruction”
“Today our economy operates at two-thirds of its potential output; in a number of industries, more than half of the capacity is idle, including new, recently commissioned ones. The weakest point here is the lack of credit. The Central Bank creates feudal working conditions; it simply does not have loans to finance investments. The Central Bank is the main “sucker” of money from the economy. This year he actually ceased to act as a creditor. This is a unique case, only Ukraine and partly Brazil allow themselves to do this, and the economies of these countries, as we know, are far from thriving.
The Central Bank has already siphoned a trillion rubles out of the Russian economy through a deposit auction. All interested banks, instead of lending to the economy, can deposit them with the Central Bank. In the next three years, this auction will become the main mechanism of the regulator, which means that approximately a trillion a year will continue to be withdrawn from the country. Foreign speculators tied up about two trillion on the stock exchange through the carry trade tool, withdrawing half of their income to foreign investors.prostrate Therefore, against the backdrop of pumping money out of the real sector, we are seeing a real boom in the speculative sector.
This is where the main beneficiaries of the current policy frolic. The volume of transactions on the MICEX has increased fivefold in recent months. Due to the free floating of the ruble exchange rate, the only source of excess profits today is speculation. That is why money from the industrial sector of our economy migrates to the financial sector. Now 15 annual GDP of Russia is spinning here. In fact, the Central Bank cut off our production, the profitability of which is below the unreasonably high key rate, from cheap loans. Today, the banking sector issues mainly short-term and expensive money, hence the high degree of over-lending of enterprises, and the proximity of many of them to bankruptcy.
But here’s the paradox: at the same time, the Central Bank and the government think that we have a lot of extra, excess money in our economy - they plan to bleed the country dry by another 20 trillion. We estimate the effect of such a policy at 15 trillion rubles of unproduced products and about 10 trillion of unmade investments. Continuing this approach does not bode well for us. Hopes that with such a policy of the Central Bank, suppressing inflation will provide us with economic growth are illusory. In reality, we are experiencing a “spiral of degradation”: the Central Bank is fighting inflation by raising interest rates.
This leads to drying out of credit and a fall in investment, as a result of which Russia’s technological lag behind other countries is increasing. Competitiveness is falling, the ruble is devaluing - and we have been walking in this circle for 15 years. A group of experts and I proposed recommendations for a reversal of monetary policy in the interests of growth of the real sector. The target loan for the final borrower should not exceed 5-7 percent, there must be strict control over the targeted movement of money", - explained the academician of the Russian Academy of Sciences Sergey Glazyev.
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“The presence of journalists and the rules of the Chamber of Commerce and Industry do not allow me to give a completely objective assessment of the activities of the Central Bank. At the same time, we must understand that today we are not discussing his mistakes, but methods of achieving the goal. As you know, the Central Bank, like the economic bloc of the government, is controlled by liberals, that is, people who believe that the meaning of the state’s existence is not to serve the interests of the people of Russia, but to serve speculators. Best of all - financial, best of all - global, which are more powerful in scale than most states.
To organize speculation, it is necessary that there is less money in the real sector, because if there is a lot of money, then it will be directed to the real sector and stay there. The inflation rate is calculated every week, so success can be reported very often. But if we look at the story with Otkritie and B&N Bank, it is clear that the banking system is being destroyed, the entire economy is being destroyed. We missed the moment when the reorganization of banks, even barbaric, turned into outright destruction.
The state is now forced to save its banking sector. We will indeed soon arrive at a Soviet situation, when the state banking sector will be slightly diluted with foreigners. Only foreigners will be able to make investments in this coordinate system, because global business is strong, which means the state will serve it. Otkritie and B&N Bank had previously taken larger banks for resolution - and, oh, what bad luck, they both overestimated their capabilities. In fact, most likely they simply assessed the situation based on economic statistics, which, since November last year, generally express something unclear.
Therefore, a recommendation that can be given to the Central Bank and the economic bloc as a whole: lies should cease to be the basis of the policy of the Russian state. This ends badly and quite quickly. Secondly, the Bank of Russia, like its colleagues in developed countries, must be responsible not only for inflation, but also for the state of the economy, which is the result of its policies. The next stage is the modernization of infrastructure and a qualitative easing of monetary policy. We need to limit financial speculation, which the liberals, of course, will never do, but in this case our economy will never become developed.
I like the Japanese version best, when the state controls the assets of each bank. And lastly, we must fight against insider trading. Let's start by investigating the events of October 2014, when its signs were clear and it had dire consequences for our economy. If a crime is not punished, no attempts are even made, then it is no longer a crime, but a norm. Of course, this affects both the state of the economy as a whole and the trust in our “wonderful” regulator,”- said the director of the Institute of Globalization Problems Mikhail Delyagin.
“It is necessary to introduce a procedure for depriving a license only through the court, otherwise today the Bank of Russia itself decides who and why to punish or pardon, which can lead to abuses.”
What do we end up with? The branch network of banks has been reduced by 25 percent; a number of regions no longer have their own regional banks after endless “rehabilitation.” The volume of shares of Russian owners in banks fell to 5 percent. The national private banking sector is being ruthlessly and systematically destroyed.
“As of July 1, 2013, there were about 1,000 banks left in the Russian financial system - in fact, only those credit institutions that went through all the crises and remained operational. And then the new leadership of the Central Bank comes. It would seem that it should direct all efforts to help these banks recover and begin to help clients develop their businesses. But instead, the liquidation of the national private banking sector began. As a result, over the past four years, 399 banks have been deprived of their licenses - 41 percent of those that operated before the arrival of Nabiullina’s team.
Hundreds of thousands of legal entities lost their funds. Only for large banks - more than 300 thousand. It is necessary to introduce a procedure for depriving a license only through the court, otherwise today the Bank of Russia itself decides who and why to punish or pardon, which can lead to abuses,”- said the Chairman of the Board of Directors of the Financial Integrator Group of Companies Vladimir Gamza.
Now for Ugra. The Central Bank appealed to the Prosecutor General's Office six times, which found no signs of theft or fraud in Ugra. But she called the regulator’s actions illegal. But the Central Bank does not belong to the jurisdiction of Russian laws, so it simply spat on the Prosecutor General’s Office and continued to destroy the Russian economy.
Today, the activities of the Central Bank are no longer a threat to the national security of Russia, but a real military operation carried out by foreign political circles against the independence of Russia. Professor Valentin Katasonov openly declares that this is already a matter of state security.
Including political security, because more than 30 percent of Ugra's depositors are pensioners. And this is the electorate that is about to go to the Russian presidential elections. If Putin puts forward his candidacy, what reaction will he receive from the people who were robbed by the Central Bank?
It is quite reasonable that following the results of this meeting, the State Duma deputy Nikolay Kolomeytsev proposed not only to change the leadership of the regulator, but also to change the law on the Central Bank.
“Today, the activities of the Central Bank are no longer a threat to the national security of Russia, but a real military operation carried out by foreign political circles against the independence of Russia”
Following the meeting at the Chamber of Commerce and Industry, experts are preparing a report on the influence of the Central Bank on the domestic economy. They plan to present this document to the President of the Russian Federation.
In this regard, it remains to add the most important thing. Macropolitics courses should be introduced for high-ranking politicians and economists. It is necessary to understand that the Central Bank is not a Russian, but a colonial structure brought to Russia by the troops of the liberal democrats of Europe, the USA and Israel that occupied it.
As long as we fight Nabiullina, relying on Russian laws that do not affect either her or the Central Bank, she will put pressure on us very well from the standpoint of the legislation to which she and the Central Bank personally submit. In such situations, when the Central Bank destroys the Russian state, and some Nabiullina personally is the executioner of a 140 million people with more than 1000 years of history, it is necessary to apply the articles of the Criminal Code of the Russian Federation.
The activities of the Central Bank and Nabiullina in relation to Russia and the Russian economy fall under the definitions of articles from Section X “Crimes against state power”: Article 275. High treason; Article 281. Sabotage; Article 353. Planning, preparation, initiation or waging of aggressive war; Article 357. Genocide; Article 361. Act of international terrorism.
Regarding the last three articles, it is necessary to clarify that in our time an aggressive war is no longer just a war using conventional weapons. Let us remember how many American politicians have already admitted that Russia lost the war that the United States waged against it using means far from firearms.
“Depriving the population of money, especially pensioners, depriving employers of funds, leading to the impoverishment of workers, is all genocide.”
Today, an aggressive war is any foreign violence against the country and its people. Nabiullina raped not so much the bankers as the people of Russia, and she acts in the interests of other countries, being the head of a foreign organization called the “Central Bank” and not the “Bank of Russia”.
Depriving the population of money, especially pensioners, depriving employers of funds, leading to the impoverishment of workers, is all genocide. Maybe to some it will not seem as murderous as a mass execution, but look at the statistics, how many people committed suicide because of Nabiullina. How many children fell into the clutches of hunger after their parents lost their savings in banks looted by Nabiullina or lost the very opportunity to earn money. This is more than a simple act of genocide.
And finally, the destruction of the banking system of an entire country, and through it the entire economy, is an act of terrorism. And this must be admitted. Let's remember the Great Patriotic War. The partisans were also not military formations, but how many did they destroy the Nazis? The saboteurs, on the other hand, were also not known for their saber-rattling, but how many destinies did they ruin?
Today, the enemy of Russia is the Central Bank and personally Elvira Nabiullina, who staged a holocaust for our country worse than the Mongol-Tatar yoke. If she and the Russian government that is not opposing her are not put up against the wall now, then tomorrow there will be no wall left.
Andrey Tyunyaev, editor-in-chief of the President newspaper
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Last year, the British magazine Euromoney recognized Elvira Sakhipzadovna as the best head of the Central Bank in Europe. Indeed, it was probably not easy to cope with so many problems that befell Russia at once.
The very personality and actions of the head of the Central Bank evoke both criticism, including accusations of espionage and undermining the Russian economy, and positive reviews. Let us not zealously defend any of these opinions, but simply evaluate the facts.
Since 2014, our country’s economy has suffered several severe blows at once: a drop in oil prices, the introduction of economic sanctions and, as a consequence, an almost 3-fold jump in the value of the dollar and euro.
At the same time, the purchasing power of the ruble itself remained at the same level, although it would seem that the sale of oil is almost our main income, so why didn’t a collapse occur? And after all, a dollar from 30 rubles. jumped to 80-90 rubles, and in some regions sometimes reached 100 rubles.
In real consumer rubles it looked like this: a barrel of oil cost $120*30=3600 re, but became $40*90=3600 re. That is, absolutely nothing has changed, plus or minus 2-3 rubles in the calculations do not play a role in this case, the trend itself is important.
Moreover, foreign tourists flocked to Russia at that time, because it was cheap to vacation, almost three times cheaper than before! And this was able to partially compensate for the $156 billion capital outflow that occurred by the end of 2014.
Then “shock therapy” began, which hit the real economic sector, but was able to save the entire financial system of the country: for the period 04/28/2014 to 12/16/2014, the Central Bank raised the rate from 7.5% to 17%! The ruble floated freely, and large investors restored their trust in the Central Bank and the system as a whole, which had been shaken. Today's rate is 10%, which is also an indicator of the right course chosen by the main financial structure.
A large-scale cleansing of the banking sector from unscrupulous moneylenders has begun, who have made it a rule to lend to anyone and everyone, including the unemployed and without passports, to collect debts using the criminal methods of the 90s, and then tearfully ask for help from the Central Bank on the grounds that all the money has been distributed, but Now the bank is on the verge of crisis. To date, more than three hundred banks have been deprived of their licenses, criminal cases have been initiated against many bankers, and the DIA has found, not without the help of the Central Bank, of course, the opportunity to raise the insured amount from 700 thousand rubles. up to 1400 thousand, twice.
When foreign SWIFT openly talked about disconnecting the Russian Federation from its system, and Visa and Mastercard were not serviced in some regions of the country for several days, a decision was immediately made to urgently create its own payment system “Mir”. Today, about 90% of terminals are ready to accept Mir cards, and there are about 2.5 million cardholders in total. Here, I personally have only one question: why didn’t they come to this decision 10 years ago?
Well, a purely practical approach: I remember the default of ’98, I remember the crisis of 2008. Then it really really hit my pocket, for example, my salary at Russian Railways in 2008 fell from 800 r/d to 350 r/d. And in the current conditions, I still buy meat at the market for 240-250 rubles. Well, in 2013 it was 220 rubles, but the increase was 30 rubles. for 4 years - these are little things.
And wages, although not as fast as we would like, are growing, although they do not keep pace with housing and communal services tariffs. But Elvira Sakhipzadovna is not involved in public utilities, so blaming her for exorbitant payments, as some leaders like to do, is simply stupid.
A definite plus is support for agro-industrial complex. Programs of subsidies and preferential lending to farms in order to ensure the import substitution program have borne fruit, which I can judge directly, living in what is essentially an agricultural region.
By the way, there is a lot of criticism regarding these programs, but it is connected, as it usually turns out, not with the reluctance of the Central Bank and its subordinate structures to issue loans on human terms, but with the demands of corrupt officials and local bankers: if you want to get it, grease it.
Based on the above, I believe that we really went through the difficult period of 2014-2016 without any actual losses, and the head of the Central Bank, Elvira Nabiullina, played a significant role in this. Therefore, her nomination for a new term can be considered completely justified.
New head Bank of Russia for the next four years became Elvira Nabiullina. 360 deputies voted for her approval for this position, another 20 spoke out against the candidacy proposed by the president, and one abstained.Let us note that the day before, the first deputy leader of the Communist Party faction in the State Duma, Sergei Reshulsky, said that the communists do not agree that Nabiullina is a worthy replacement for Sergei Ignatiev and will vote against her candidacy. “Under no circumstances should we vote “for”,” RIA Novosti quotes him.
United Russia, which represents the parliamentary majority, considered Nabiullina to be an “exceptionally successful” candidate. The LDPR also promised to support the ex-Minister of Economy. “Since she will occupy this post for the first time, we see no reason to revoke this high confidence in her, especially since this could affect international affairs. For now, we believe that her candidacy will receive support from us at the plenary meeting,” he said Vladimir Zhirinovsky.
The position of head of the Central Bank will be transferred to Elvira Nabiullina on June 24, after Sergei Ignatiev resigns. As RIA Novosti notes, the former head of the Ministry of Economy will have more powers than the previous head - together with the Bank of Russia she will head the Federal Service for Financial Markets.
Earlier, Nabiullina said that she does not plan major changes in the Central Bank’s policy, and during her speech in the State Duma the day before, the main priority of Russia’s monetary policy was to reduce inflation to 3-4% per year. She also stated that she is not going to increase the availability of loans by artificial means, as is done in the USA and Europe. “Availability of credit is very important, but its excessive availability can lead to bubbles,” she said.
Sergei Ignatiev has held the chair of the Chairman of the Central Bank since 2002. He was re-elected three times, and, according to the law, it is impossible to hold this post more than three times in a row. The candidate for the post of head of the Central Bank is nominated by the president and approved by the State Duma. Nabiullina Ignatiev will remain at the Bank of Russia if parliamentarians approve her for the post. According to Nabiullina’s plan, the current head of the Central Bank can become her adviser.
This will be the right decision, experts say, because 49-year-old Nabiullina has no experience in the banking sector, much less managing the country’s main bank. Considering that the previous leadership of the Central Bank demonstrated a certain level of independence, it can be assumed that with his decision Putin decided to return the Central Bank to actual full subordination to the Kremlin, experts say.
Elvira Nabiullina's childhood
Elvira was born in Ufa into an ordinary working-class family. Her mother was an operator at an instrument-making plant, and her father was a driver. Since childhood, the girl was very diligent and responsible, graduated from school with a gold medal. Despite the fact that the parents were workers, the family was considered intelligent. This was influenced by the fact that Elvira and her brother Irek studied excellently, and by the fact that a certain atmosphere reigned in the house of conservative Tatars.After school, she went to Moscow and became a student at the University, from which she also graduated with honors. Having received a diploma in economics, Elvira decided to continue her studies and entered graduate school.
Elvira Nabiullina’s career: from a minor official to the Central Bank
Nabiullina’s first place of work was the directorate of the standing committee of the USSR NPS, where she began working as a chief specialist in 1991. Her career was steadily going up, as a result she became the executive director of the Euro-Asian Rating Service already in 1999. During this period of time, Nabiullina worked in the Union of Entrepreneurs and Industrialists, and was Deputy Minister of Economics, and worked in private business.Elvira Nabiullina about the Russian economy
From 1999 to 2000, Elvira Sakhipzadovna was appointed to the position of vice president of the Center for Strategic Research Foundation. At that time, its president was German Gref. The mission of the center was quite transparent: it became the “election headquarters” of Vladimir Putin.
Nabiullina became one of those who directly developed the president’s economic program, which later became known as the “Gref strategy.” Until 2003, she was German Gref’s first deputy, and then she replaced him in this post and until 2005 she was president of the CSR Foundation.
In September 2007, Elvira Sakhipzadovna was appointed Minister of Economic Development and Trade, and in 2008 - Minister of Economic Development. Her striking professional achievement in this position was the anti-crisis plan, which Prime Minister Vladimir Putin signed in 2009.
The priorities of this program were innovation and infrastructure. The program was otherwise called the “survival” program. Nabiullina proposed to also include housing construction, but the Prime Minister decided in 2010 to suspend state funding for the construction of new facilities.
Elvira Nabiullina currently
In the spring of 2012, Vladimir Putin became president. The composition of the government also changed, but Nabiullina was not included. The department she headed was headed by Andrei Belousov. In May 2012, Nabiullina became assistant to the President of Russia.A year later, Vladimir Putin invited Elvira Sakhipzadovna to head the Central Bank. She came to this position at a difficult time. Both business and the government were expecting an easing of monetary policy. The new leadership of the Central Bank was tasked with maintaining economic growth at a certain level, while preventing inflation from accelerating.
Parody: Elvira Nabiullina calls the stock exchange after the Central Bank raises rates
Nabiullina’s nomination to the post of head of the Central Bank became a real sensation for many. In countries where gender equality is the norm, women are rarely trusted to manage the Central Bank. Global Finance magazine published a list of the fifty best heads of the Central Bank on its pages. There were only three women on this list.
With this appointment, Vladimir Putin wanted to show that in Nabiullina he sees a leader who can not only continue the course of his predecessor, but also ensure that the Central Bank begins to work to stimulate the economy.
The intrigue about the appointment persisted until the last moment. Nabiullina’s name did not appear in any of the lists that appeared in the press, which contained the names of those who could take the position of head of the Central Bank.
At the head of the Central Bank, the president put not a professional financier, but a person versed in macroeconomics, someone who understands the needs of real business.
Personal life of Elvira Nabiullina
Elvira Sakhipzadovna prefers not to talk about her personal life. It is known that while studying in graduate school, she married Yaroslav Kuzminov. At that time he was an economist and taught at Moscow State University. Subsequently, he took the position of rector of the Higher School of Economics University. In 1988, the couple had a son, Vasily. Kuzminov has two children from his first marriage. 
Nabiullina maintained a close relationship with her family, namely with her parents. In 2005, she moved them to Moscow.
Nabiullina’s clothing style is discussed a lot in the press, jokingly saying that it clearly corresponds to the state of the Russian economy. Previously, she appeared in front of cameras in dark gray and black suits. Over time, bright scarves, differently styled hair, and elegant eyeglass frames began to appear in her image.
Nabiullina was called the “gray eminence” by Gref’s entourage. She not only adheres to strictness in clothing, but also uses cosmetics to a minimum. Possessing an attractive appearance, Nabiullina does not emphasize her advantages through cosmetics. On the other hand, there is an opinion expressed by political consultant Ekaterina Egorova that Elvira Sakhipzadovna’s appearance is an example to follow, because many Russian women politicians often lose their sense of proportion.
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On June 9, the State Duma extended the powers of the head of the Central Bank, Elvira Nabiullina, for another five years. All the heads of the Bank of Russia in the modern history of the country are in the RBC photo gallery.
Georgy Matyukhin - acting Chairman of the Board of the State Bank of the RSFSR from August 7, 1990, official head - from December 25, 1990 to July 16, 1992
Photo: Alexander Polyakov / RIA Novosti
Under Matyukhin, a transition to a market economy took place, which significantly complicated his work as head of the Central Bank. He increased the money supply in circulation, which fueled inflation and turned the government of reformers against him. Under Matyukhin, a two-tier financial system was formed in Russia, consisting of the Central and commercial banks. To this day, he remains the only head of the Bank of Russia whose signature was printed on banknotes.
What did you do after: worked in commercial banks “Gorny Altai”, “Noosphere”, Sobinbank, “Dialogue-Optim”, taught at the Academy of Foreign Trade.
Viktor Gerashchenko headed the Central Bank from July 17, 1992 to October 14, 1994 and from September 11, 1998 to March 20, 2002
Photo: Dmitry Dukhanin / Kommersant
Gerashchenko continued the issue of money and carried out a monetary reform that provided for the exchange of banknotes issued before 1993. His first term as head of the Bank of Russia was also remembered for “Black Tuesday” on October 11, 1994, when the dollar rose by more than 25% in one day.
For the second time, Gerashchenko headed the Central Bank after the 1998 default. Soon after his appointment, the Central Bank revoked the licenses of Inkombank and Mikhail Khodorkovsky's Menatep Bank. Gerashchenko’s second term as head of the Central Bank was remembered for the transition to a market-based formation of the ruble exchange rate. In addition, experts note the independence of the Bank of Russia from the government during this period and the confrontation between Gerashchenko and Alexander Mamut and Pyotr Aven, which resulted in the adoption of the “Strategy for the Development of the Banking Sector” in 2001, which, in particular, contained a requirement for banks to transition to international standards reporting and the withdrawal of the Central Bank from the capital of commercial banks.
What did you do after: in 2002, Gerashchenko was a State Duma deputy, and in 2004, after the arrest of Mikhail Khodorkovsky, he headed the board of directors of YUKOS and remained in this post until August 2006.
Tatyana Paramonova acted as head of the Central Bank from October 18, 1994 to November 8, 1995
The first woman to serve as head of the Central Bank. The State Duma never approved her in this position. In 1998-2007, Paramonova served as first deputy chairman of the Central Bank, and resigned due to problems in the transition of the banking sector to international financial reporting standards.
What did you do after: Until 2010, she held the positions of advisor to the president of Russian Railways, member of the supervisory board of Rosselkhozbank, member of the board of directors of Transcreditbank OJSC, member of the board of directors and general director of ZHASO Insurance Company OJSC.
Photo: Vladimir Fedorenko / RIA Novosti
He is remembered mainly for his activities as deputy head of the Bank of Russia, when he received the nickname “Nightingale Gerashchenko”, since it was he, and not the head of the bank, Viktor Gerashchenko, who spoke at most press conferences, briefings and television programs.
What he is doing now: Vice-President of the Association of Regional Banks "Russia", Head of the Department of Finance, Monetary Circulation and Credit at the Russian Academy of National Economy and Public Administration under the President of the Russian Federation.
Photo: Alexander Makarov / RIA Novosti
In 1994, Dubinin headed the Ministry of Finance, but was dismissed after Black Tuesday. In 1996, the Central Bank, together with the government, abolished some of the extra-budgetary funds in a number of industries. During the three years with Dubinin at the helm, the Central Bank refused to finance the government and concentrated on pursuing monetary policy. Under him, the ruble was also redenominated. Nevertheless, Dubinin was remembered primarily for the fact that under him, in August 1998, the Central Bank stopped maintaining the artificially high exchange rate of the ruble to the dollar, after which the Russian national currency fell more than three times against the American one.
What he is doing now: holds the position of Chairman of the Supervisory Board of VTB Bank and is also its minority shareholder.
Before his appointment as head of the Central Bank, he worked as Deputy Minister of Finance and Economy and Deputy Governor of the Bank of Russia. As head of the Central Bank, Ignatiev was remembered for his opposition to the banking crisis after the license was revoked from Sodbiznesbank, as well as the gradual devaluation of the ruble as oil prices fell and capital outflow from Russia in 2008-2009. In addition, his measures to refinance the banking system and unsecured auctions are assessed positively. In January 2011, experts from The Banker magazine recognized Ignatiev as the best in the category “Head of the Central Bank of 2011 in Europe.” Nevertheless, he was also criticized for his liberal attitude towards ineffective banks and their admission to the deposit guarantee system.
What he is doing now: continues to work at the Central Bank, being a member of the board of directors and holding the position of adviser to its chairman.
She became the first woman approved as head of the Russian Central Bank. Four years at the head of the Bank of Russia were remembered primarily for the tightening of regulation in the banking sector. Since Nabiullina took office, more than 350 credit institutions have ceased to exist.