Central bank chief Elwira Nabiullina extends the war

After the annexation of Crimea in spring 2014, Western sanctions hit Russia’s economy. The price of oil plunges, the ruble loses half of its value. But then the head of the central bank, Elwira Nabiullina (58), pulls the cart out of the mud with a tough interest rate hike.

For this she was named central banker of the year in 2015 at the headquarters of the Bank for International Settlements (BIS) in Basel. Three years later, the West is celebrating Nabiullina again: Christine Lagarde (66), then head of the International Monetary Fund and now President of the European Central Bank, compares the opera lover to a great conductor.

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