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Putin's wartime central banker tells him what he doesn't want to hear

Section: Daily Dispatches

From Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, June 7, 2024

Russian President Vladimir Putin has cycled through ministers and battlefield generals since he first invaded Ukraine a decade ago. Through it all, one constant has been Elvira Nabiullina, a central bank governor he can't do without.

Her bond with Putin, and whether it can endure for longer, may well come to define the economy that emerges from the largest armed conflict in Europe since World War II.

... Dispatch continues below ...


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From early after Russia's full-scale invasion began in February 2022, she adopted a monochrome attire in public, setting aside the brooches she used to telegraph clues to the market. It was her starting act of what passes for dissent in wartime Russia, one followed by an attempt to quit and then a slow-motion rupture over several key policies backed by Putin and his government. ...

... For the remainder of the report:

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