Elvira Nabiullina, an important woman in Putin's inner circle

Who is Elvira Nabiullina?
The beginning of a biography
A talented bureaucrat
With Putin since 2000
A powerful woman
President of the Central Bank of Russia
Secret messages through brooches
An international figure
She likes opera
A puppet?
Pessimistic statements before the Duma
The real economy will suffer
What to do with the economy of a country at war?
Part of the underground malaise among certain Russian elites?
More than 20 years with Putin
What will be her place in Russia's future?
Who is Elvira Nabiullina?

Women are scarce in Vladimir Putin's circle of power . Elvira Nabiullina is an exception at the court of the "new tsar" of Russia. She presides over the Central Bank of Russia and her opinion has a very important weight in the country. So much so that no comment has gone unnoticed that goes beyond the triumphalist official line. But who is this woman?

The beginning of a biography

Of Tatar origins, Elvira Nabiullina was born on October 29, 1963 in Ufa, a town in the then Soviet republic of Bashkortostan, where the Ural mountains rise. She traveled to Moscow and there studied economics at the State University.

A talented bureaucrat

Elvira Nabiullina achieved a rising career within the Russian bureaucracy thanks to her tenacity and talent. Elivra got her start in the 1990s in the Union of Science and Industry and held various positions in the (semi-state) organization of Russian employers and in the Ministry of Economic Development and Trade. Later she jumped to a 'think tank' but, immediately, Putin arrived and with him her trajectory changed forever.

With Putin since 2000

Putin recruited her for his economic team in 2000, makes her director of the dependent Strategic Development Center and in 2007 he appointed her as Minister of Economic Development and Trade.

A powerful woman

Elvira is a powerful woman in a world men in Russian politics. In a BBC article, Elvira Nabiullina is described as "a woman of few words, as influential as she is enigmatic".

President of the Central Bank of Russia

The culmination of her career came in 2013, when she was appointed president of the Central Bank of Russia, a much more important position than that of economy minister. Her decisions are absolutely decisive.

Secret messages through brooches

In the aforementioned BBC article, reference is also made to how Elvira Nabiullina herself has helped fuel the legend that she sends economic messages through the brooches she wears on each occasion. As an example: in the midst of Covid, a brooch in the shape of a toy glass (according to the BBC) gave a message of encouragement because glasses like this fall but do not break. A little complicated. And even more interpreting other brooches like the one Elvira Nabiullina is wearing in this image.

An international figure

Because of her position, Elvira Nabiullina has become an international figure. What about her personality or private tastes? Is there anything known?

She likes opera

Elvira Nabiullina is married, has a son, and is apparently a big fan of opera.

A puppet?

As for her economic management as president of the Central Bank of Russia, there are conflicting opinions: there are those who believe that she is a modernizer and has kept the country in a stable situation and those who accuse her of being a mere puppet of the Kremlin without her own criteria. But the war with the Ukraine has shown that Elvira Nabiullina is capable of expressing an opinion that differs from the official propaganda.

Pessimistic statements before the Duma

Before the Russian parliament (the Duma), Elvira Nabiullina announced in April 2022 that Russia would suffer severely from economic sanctions. At first, the effects of these sanctions were more or less mitigated but, as Elvira Nabiullina assured the deputies, "we will enter a stage of structural transformation." What did she mean?

The real economy will suffer

Elvira Nabiullina clearly explained to the Duma that the impact of the sanctions on the financial economy would be transferred, after a few months, to the real economy and that this would lead to problems in people's daily lives. A pessimistic message that surprised in a country, Russia, where it seems decreed not to deviate a millimeter from the government's optimism.

What to do with the economy of a country at war?

Russia's big problem is that its isolation and war situation has caused the ruble to fall and along with it the Russian economy. Elvira Nabiullina has to face a devilish situation.

Part of the underground malaise among certain Russian elites?

Faced with the omnipresent propaganda on the streets and in the media in favor of Putin and his war in Ukraine (with the Z as a symbol ), criticism or analysis that breaks the consensus is beginning to emerge. First Elvira Nabiullina's words before the Duma in April but also the harsh criticism of the oligarch Tinkov or the negative diagnosis of the progress of the war made on Russian television by former military officer Mikhail Khodarionok.

More than 20 years with Putin

But in the case of Elvira Nabiullina, as happens with most of her close collaborators (the Defense Minister, Sergei Shoigu , or the Foreign Minister, Lavrov ), we must take into account the close bond that the many years together give: more than twenty year together in her case.

What will be her place in Russia's future?

In any case, Elvira Nabiullina is valued internationally as a specialized politician in the economic area and, if one day there is a Russia without Putin, perhaps this woman will have a prominent place in that future.

 

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