March 22, 2017 / 12:37 PM / 4 months ago

Putin says will nominate cenbank chief Nabiullina for new term

1 Min Read

MOSCOW, March 22 (Reuters) - Russian President Vladimir Putin said on Wednesday he would nominate central bank governor Elvira Nabiullina for a new term.

Since her appointment in 2013, Nabiullina has implemented stricter banking regulation and a serious crackdown on banks that are poorly managed and undercapitalised.

The announcement of her new term came at a meeting between Putin and Nabiullina, where she told him that the financial sector had managed to adapt to new economic conditions.

Reporting by Vladimir Soldatkin; Writing by Alessandra Prentice; Editing by Christian Lowe

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